Morning Juice – US Session Prep
Morning, Traders!
It is Thursday the 14th of March, here are some things to look out for today.
Sentiment
The dollar gained in a tight range this morning as markets await the producer-price index data for the US this morning. Following the hot CPI print, headline PPI prices may have risen due to an energy price rebound.
US equity futures gained this morning, with analysts noting the potential benefits for social media and streaming companies, following legislation yesterday targeting TikTok.
Docket
08:30 ET
US PPI for February
YoY – Median Forecast: 1.2% | Prior: 0.9% | Range: 1.4% / 0.4%
MoM – Median Forecast: 0.3% | Prior: 0.3% | Range: 0.5% / 0%
Core YoY – Median Forecast: 1.9% | Prior: 2% | Range: 2.1% / 1.4%
Core MoM – Median Forecast: 0.2% | Prior: 0.5% | Range: 0.4% / 0%
US Retail Sales MoM for February
Median Forecast: 0.8% | Prior: -0.8% | Range: 1.7% / 0.3%
US Weekly Jobless Claims
Initial Claims – Median Forecast: 218K | Prior: 217K | Range: 223K / 205K
Continued Claims – Median Forecast: 1.906M | Prior: 1.906M | Range: 1.93M / 1.85M
11:30 ET
US sells $95 bln 4-Week Bills
Speakers
13:00 ET
ECB’s de Cos speaks at the Economist’s Guild in Madrid.
14:00 ET
ECB’s de Guindos speaks in a fireside chat at Foros de Vanguardia in Barcelona, Spain.
14:30 ET
ECB’s Stournaras speaks at an event on the Greek economy at the London School of Economics.
Good luck!
