Morning Juice – Europe Session Prep

Good Morning Traders! This Monday we get  a quiet start to the week.

Here is what to expect for the day.

Sentiment

China intends to sell the first batch of its 1 trillion yuan ($138 billion) of ultra-long special sovereign bonds on Friday, as it looks to generate funding to assist the world’s second-largest economy.

President Joe Biden will treble tariffs on Chinese electric vehicles and dramatically boost duties on other critical industries this week, revealing the measures at a White House event framed as a defence of American workers, according to sources familiar with the subject.

The Bank of Japan offered to acquire fewer government bonds in a normal operation on Monday than it did on April 24 as it strives to minimise its footprint in the country’s debt market.

Oil slipped down as markets looked ahead to an OPEC+ meeting on supply strategy, with Iraq sending contradictory signals about its attitude.

Good Luck today, Traders!