Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 23rd of July. Here is what to look out for today.

Sentiment
Oil extended its rally after Iran-backed Houthi militants said they attacked two Saudi Arabian tankers in the Red Sea, escalating the Middle East conflict and threatening deeper supply disruptions. Australian employment surged in June, extending the previous month’s gains, underscoring the ongoing strength in the labor market and stoking bets on another interest-rate increase. China’s public spending plunged last month by the most since October, suggesting the government tightened fiscal policy further despite increasing calls for more support as economic growth slips. Some high-profile Chinese funds heavily invested in consumer names are pivoting to AI stocks, a bet that may boost returns but also leaves them more vulnerable to the sector’s volatility. South Korea’s economy grew faster than expected in the second quarter, driven by an artificial intelligence-fueled chip boom that supports the case for further interest-rate increases.

Docket
02:45 ET
French Business Climate
Overall – Forecast: 95 | Prior: 94 | Range: 96 / 93
Manufacturing – Forecast: 101 | Prior: 100 | Range: 102 / 100

08:15 ET
ECB Interest Rate decision
ECB Rate Statement

08:45 ET
ECB Press Conference