Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 11th of June. Here is what to look out for today.

Sentiment
Oil jumped after a second day of US military strikes on Iran, with the Islamic Republic announcing a halt to all vessels through the Strait of Hormuz in response, putting further strain on a fragile ceasefire. Bond traders maintained bets that the Federal Reserve will raise interest rates by the end of the year, even after a soft US core inflation reading eased pressure on Chairman Kevin Warsh to act sooner. The US Treasury refunded nearly $22 billion in tariff revenue collected from importers in May, the first swath of such repayments since the Supreme Court struck down a major component of President Donald Trump’s trade policy. Chancellor of the Exchequer Rachel Reeves said she will ease the tax burden faced by rich US investors wanting to relocate to the UK.

Docket
08:15 ET
ECB Interest rate
Forecast: 2.4% | Prior: 2.15% | Range: 2.4% / 2.15%
ECB Deposit Rate
Forecast: 2.25% | Prior: 2% | Range: 2.25% / 2%
ECB Rate Statement