Morning Juice – US Session Prep
Daily Dose, US

Morning Juice – US Session Prep

Good Morning Traders.
It is Thursday the 8th of February and here is what to look out for today.

Stocks and bonds fluctuated this morning as investors digested a slew of corporate reports and prepared for the sale of 30-year US government bonds.

So far, markets have shrugged off concerns about the commercial real estate sector and accepted a string of warnings from Fed policymakers that a cut is unlikely until May at the earliest.
Nonetheless, traders have continued to pile into big tech stocks, propelling the S&P 500 index to a new high on Wednesday, bringing it closer to the 5,000 mark.

08:30 ET
Weekly US Jobless Claims Data
Initial – Median Forecast: 220K | Prior: 224K | Range: 230K / 210K
Continued – Median Forecast: 1.876M | Prior: 1.898M | Range: 1.948M / 1.84M

10:30 ET
US Wholesale Inventories MoM
Median Forecast: 0.4% | Prior: 0.4% | Range: 0.4% / 0.2%

13:00 ET
US Sells $25 Bln in 30-Year Bonds at Auction

08:30 ET
Fed’s Barkin speaks on Bloomberg TV.

09:00 ET
BoE’s Dhingra speaks to Market News

09:15 ET
ECB’s Elderson participates in a discussion at joint Institute for Sustainable Process Technology and Port of Rotterdam Conference ’24 “Material change” in Rotterdam, Netherlands.

10:00 ET
BoE’s Mann speaks at the Official Monetary and Financial institution on ‘Inflation Dynamics and drivers: looking under the bonnet’

10:30 ET
ECB’s Lane participates in a fireside chat at Brookings Institution in Washington DC, USA.

12:05 ET
Fed’s Barkin speaks to the Economic Club of New York. Both text and Q&A are expected.