Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 4th of May. Here is what to look out for today.

Sentiment
President Donald Trump said the US will begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz starting Monday. Treasury Secretary Scott Bessent said the US is “suffocating” Iran with economic and financial pressure, suggesting that the rulers in Tehran will eventually buckle. Oil steadied as traders doubted the effectiveness of a plan by President Donald Trump for the US to guide neutral ships out through the Strait of Hormuz, with a tanker reportedly hit in the waterway. Asian shares traded near record highs as stronger-than-expected corporate earnings from technology companies kept the sector buoyant, while oil fluctuated amid mixed signals from the Middle East.. Efforts continued to broker an end to the Iran war, now into its third month, as US President Donald Trump suggested the Islamic Republic’s latest peace proposal might not be enough to satisfy him.

Docket
03:50 ET
French manufacturing PMI
Forecast: 52.8 | Prior: 52.8 | Range: 53 / 52.6

03:55 ET
German Manufacturing PMI
Forecast: 51.2 | Prior: 51.2 | Range: 52 / 51

04:00 ET
Eurozone Manufacturing PMI
Forecast: 52.2 | Prior: 52.2 | Range: 52.4 / 51.2