Morning Juice – Europe Session Prep

Good Morning Traders! This Friday we get UK GDP, German CPI and the start of earnings coverage.

Here is what to expect for the day.

Sentiment

Oil resumed gains as Israel braced for a potential strike by Iran or its proxies, and traders looked ahead to an International Energy Agency report on the supply and demand outlook

The premium to borrow dollars in China’s local markets has jumped over the past month, another example of the resurgent US currency’s global reach and persistent headwinds facing the yuan.

The International Monetary Fund hinted it would nudge its global growth forecasts slightly higher, while warning that the world economy still risks a “Tepid Twenties” this decade if inflation and debt challenges aren’t addressed

Money-market fund assets fell, driven by an exodus of cash from retail and institutional government funds, as the deadline for US income tax payments nears

Docket

02:45 ET 
French HICP YoY Final
Median Forecast 2.4% | Prior 2.4% | Range 2.5%/2.4%

Earnings

05:55 ET
Blackrock Q1 2024 Earnings
Est. EPS $9.32 | Est. Rev. $4.67B

06:55 ET
JPMorgan Q1 2024 Earnings
Est. EPS $4.17 | Est. Rev. $41.64B

Wells Fargo Q1 2024 Earnings
Est. EPS $1.08 | Est. Rev. $20.21B

08:00 ET 
Citi Q1 2024 Earnings
Est. EPS $1.23 | Est. Rev. $20.38B

Speakers

02:00 ET
BoE’s Greene Speaks

07:00 ET
ECB’s Elderson Speaks

Good Luck today, Traders!