Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 9th of September. Here is what to look out for today.

Sentiment
Treasury Secretary Scott Bessent challenged traders to counter his efforts to strengthen Japan’s currency, saying when he makes market calls these days he’s effectively doing so with inside information. US forces destroyed five Iranian tankers carrying crude oil on Tuesday in response to two attempts to hit a US Navy warship with ballistic missiles in as many days. Central Command said Brent oil moved closer to $100 a barrel after the US struck Iranian tankers near the Kharg Island export hub and in the Gulf of Oman, stoking fears of deeper disruptions through the Strait of Hormuz. Prime Minister Mark Carney said he doesn’t believe in escalating the trade war with the US, but argued it was necessary to retaliate against the most recent US tariffs while warning Canadians to brace for turbulent times ahead. China plans to allow its $568 billion social security fund to buy offshore bonds through an investment channel with Hong Kong, according to people familiar with the matter, in its latest effort to boost demand for yuan assets in the Asian financial hub.

Docket
02:45 ET
French Industrial Production MoM
Forecast: 0.2% | Prior: 0.1% | Range: 0.7% / -1%