Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 15th of May. Here is what to look out for today.

Sentiment
A potential challenge to UK Prime Minister Keir Starmer’s leadership from one of the nation’s most popular Labour Party politicians sent the pound tumbling Thursday by casting doubt on the future of his government and its efforts to rein in the national debt. US President Donald Trump signaled China is willing to support negotiations with Iran, as he pushes for a diplomatic resolution to end the war and reopen the Strait of Hormuz, after a commercial vessel was apparently seized near the United Arab Emirates. Federal Reserve Governor Michael Barr on Thursday pushed back against proposals to shrink the central bank’s balance sheet, describing them as wrong and a threat to financial stability. Japanese Finance Minister Satsuki Katayama reiterated that the government doesn’t need to compile an extra budget for now, adding that a recent rise in yields on Japanese government bonds is part of a broader global trend. US Trade Representative Jamieson Greer said he anticipates that China would commit to billions in American agricultural purchases, as Presidents Donald Trump and Xi Jinping complete their summit in Beijing.