Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 7th of September. Here is what to look out for today.

Sentiment
Iran and the US carried out what appeared to be their largest tit- for-tat tanker strikes yet over the weekend, pushing oil prices higher as both nations continue to escalate a six-month war that has disrupted shipping and stoked global inflation. Oil climbed after the US attacked Iranian tankers and Tehran declared a new restricted zone outside the Strait of Hormuz, raising concerns about prolonged disruptions to energy flows through the waterway. China is injecting 300 billion yuan ($45 billion) into its largest banks and insurers, part of the nation’s biggest recapitalization in almost two decades, to shore up the strength of its financial system and sustain lending as economic growth slows. Japan likely sold a portion of its holdings of foreign securities, including US Treasuries, to finance its record currency intervention over the past month, despite concern in Washington over the impact of Treasury sales on long-term yields. US bond investors are preparing for more turbulence across the maturity spectrum, with potential catalysts in the week ahead that may trigger big moves for both short- and long-term securities.

Docket
02:00 ET
German Industrial Production
YoY – Forecast: 0% | Prior: -0.1% | Range: 0.9% / -1.1%
MoM – Forecast: 0.2% | Prior: 0.2% | Range: 1% / -1.2%

04:30 ET
Eurozone Sentix Investor Confidence
Forecast: 1.7 | Prior: 0.9 | Range: 3.5 / -2

05:00 ET
Eurozone GDP
QoQ – Forecast: 0.4% | Prior: 0.4% | Range: 0.7% / 0.4%
YoY – Forecast: 1% | Prior: 1% | Range: 1.2% / 0.9%