Morning Juice – Europe Session Prep

Good Morning Traders
It is Monday the 18th of may. Here is what to look out for today.

Sentiment
The yield on the US Treasury’s long-dated bond rose to the highest in almost three years as investor concern over accelerating inflation fueled a selloff in global debt. Japan’s government bonds slid, extending a global selloff as rising oil fueled inflation fears and pushed yields to their highest levels in decades before this week’s Group of Seven finance chiefs meeting. Oil rose for a third day as President Donald Trump again pressured Iran to come to a deal to end weeks of war and reopen the crucial Strait of Hormuz.
The US and Iran remained far apart on a deal to end weeks of war and reopen the Strait of Hormuz, as a drone attack sparked a fire at a United Arab Emirates nuclear plant, underscoring the fragility of the ceasefire. China’s growth slowed across the board in April with investment resuming declines while retail sales and industrial output fell short of forecasts, underscoring the economy’s vulnerability in the face of a global energy crisis. Japanese Prime Minister Sanae Takaichi is set to announce plans soon to compile an extra budget in response to rising commodity prices driven by the ongoing Middle East conflict, according to people familiar with the matter.

Docket
03:35 ET
BoE’s Greene speaks on a panel at the FT business of luxury summit in Italy.

04:30 ET
BoE’s Mann speaks on a panel at the Lamfalussy Lectures Conference in Hungary.