Morning Juice – Europe Session Prep
Good Morning Traders! This Tuesday we get German Industrial Orders.
Here is what to expect for the day.
Sentiment
President Thomas Barkin of the Federal Reserve Bank of Richmond anticipates that high interest rates will further weaken the economy and keep inflation below the central bank’s 2% objective.
Oil prices rose for the second day due to Middle East tensions, including Israel’s rejection of a cease-fire agreement for the Gaza Strip, and a risk-on sentiment that boosted global markets.
The Palestinian terrorist organisation Hamas announced it has agreed to a cease-fire plan for the Gaza Strip, but Israel’s war council unanimously rejected it as “far from Israel’s necessary demands,” deflating expectations for an immediate respite in the conflict.
Chinese President Xi Jinping has called on France to help stave off a “new Cold War” as the European Union increasingly aligns with US worries about security dangers and economic disputes.
Docket
02:00 ET
German Industrial Orders MoM
Median Forecast: 0.4% | Prior 0.2% | Range 1.7%/-0.5%
Speakers
05:00 ET
ECB’s de Cos Speaks
Good Luck today, Traders!
