Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 31st of August. Here is what to look out for today.

Sentiment
Oil rose as fresh fighting flared up in the Strait of Hormuz, highlighting risks to flows from the Middle East after months of conflict. The US struck Iranian rocket launchers that were preparing to send mines into the Strait of Hormuz, its first military action against the Islamic Republic in weeks. US Treasury Secretary Scott Bessent said he expects Bank of Japan Governor Kazuo Ueda “to do the right thing” on monetary policy. China’s factory activity improved in August while staying in contraction, showing glimmers of a pickup for the economy as policymakers eye new measures. President Donald Trump’s intensifying economic campaign again« Iran is testing the limits of the security grouping Xi Jinping and Vladimir Putin have spent years expanding as a counterweight tc US power. Olivier Faure, the general secretary of France’s center-left Socialist Party, joined a crowded field of candidates vying to succeed President Emmanuel Macron in next spring’s election.

Docket
08:00 ET
German CPI
YoY   – Forecast: 3% | Prior: 2.8% | Range: 3.2% / 2.7%
MoM – Forecast: 0.3% | Prior: 0.8% | Range: 0.5% / 0%
HICP YoY – Forecast: 3.1% | Prior: 2.8% | Range: 3.3% / 2.7%
HICP MoM – Forecast: 0.3% | Prior: 0.9% | Range: 0.5% / -0.1%