Morning Juice – Europe Session Prep

Good Morning Traders! This Tuesday we get a quiet session with the ECB bank lending survey and German bobl data.

Here is what to expect for the day.

Sentiment

Australia’s consumer confidence dropped in April as persistent inflation and 12-year high interest rates continued to pinch consumers, leaving them pessimistic about the economic prospects.

Japanese Prime Minister Fumio Kishida’s cabinet support slid back to its lowest level since he took office, days after he attempted to turn the page on a financing scandal by penalising ruling party MPs.

Oil traded at a five-month high as investors considered simmering tensions in the Middle East and ongoing supply concerns.

US Treasury Secretary Janet Yellen concluded four days of discussions in China with a warning against any attempts to strengthen Russia’s military capabilities.

Trading in Japanese government bonds has grown since the central bank shifted away from managing rates last month, and at least one market indicator implies that liquidity is returning.

Docket

04:00 ET
ECB Bank Lending Survey

Good Luck today, Traders!