Morning Juice – Europe Session Prep
Good Morning Traders.
It is Thursday the 23rd of April. Here is what to look out for today.
Sentiment
President Donald Trump said the truce agreed to on April 7 would stay in place indefinitely while Washington waits for Iran to submit a new peace proposal, though Tehran says it has no plans to take part in negotiations imminently. Vice President JD Vance was set to fly to Islamabad on Tuesday to resume discussions, before it became clear Iran would not send its own delegation. Oil rose for a fourth day as the US and Iran remained locked in a battle for control of the Strait of Hormuz after failing to meet for a fresh round of peace talks.
White House National Economic Council Director Kevin Hassett indicated support for Federal Reserve Chair Jerome Powell’s plan to stay at the central bank’s helm on a temporary basis if a successor hasn’t been confirmed by the Senate when his term expires next month. The House Foreign Affairs Committee advanced a slate of bipartisan export control bills Wednesday that show a growing appetite in Congress for restricting the flow of artificial intelligence technology to China, as the Trump administration has so far held back on significant new curbs.
Docket
02:45 ET
French Business Climate
Overall – Forecast: 96 | Prior: 97 | Range: 97 / 95
Manufacturing – Forecast: 98 | Prior: 99 | Range: 99 / 97
03:15 ET
French PMI’s
Services – Forecast: 48.5 | Prior: 48.8 | Range: 49.5 / 47.5
Composite – Forecast: 48.6 | Prior: 48.8 | Range: 49.5 / 47.8
Manufacturing – Forecast: 49.5 | Prior: 50 | Range: 50 / 48.5
03:30 ET
German PMI’s
Services – Forecast: 5.2% | Prior: 5.2% | Range: 5.3% / 5.1%
Composite – Forecast: 5.2% | Prior: 5.2% | Range: 5.3% / 5.1%
Manufacturing – Forecast: 5.2% | Prior: 5.2% | Range: 5.3% / 5.1%
04:00 ET
Eurozone PMI’s
Services – Forecast: 50.4 | Prior: 50.9 | Range: 51.5 / 49.5
Composite – Forecast: 51.2 | Prior: 51.9 | Range: 52 / 50.2
Manufacturing – Forecast: 51.4 | Prior: 52.2 | Range: 52.3 / 50.2
04:30 ET
UK PMI’s
Services – Forecast: 50 | Prior: 50.5 | Range: 51.% / 49
Composite – Forecast: 49.8 | Prior: 50.3 | Range: 50.5 / 48.7
Manufacturing – Forecast: 50.3 | Prior: 51 | Range: 51.8 / 48
