Morning Juice – US Session Prep

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

Sentiment
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.

Docket
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

Speakers
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.