Morning Juice – US Session Prep

Good Morning Traders.
It is Tuesday the 2nd of April, and here is what to look out for today.

Sentiment
US Factory Orders and Job Openings will offer new perspectives on the health of the economy after Monday’s surprisingly robust manufacturing data caused markets to adjust for the prospect that the Federal Reserve may not lower interest rates as much this year. Expectations for a Federal Reserve interest rate cut were dampened by economic resiliency, setting the stage for a lacklustre opening for US equities on Tuesday.

Docket
10:00 ET
US Factory Orders MoM for February
Forecast 1% | Prior -3.6% | Range 1.6%/0.5%

US JOLTS Job Openings
Forecast 8.73M | Prior 8.863M | Range 9.2M/8.55M

Speakers
10:10 ET
Fed’s Bowman speaks on the implications of bank mergers, acquisitions and de novo bank formation for the future of the banking system at a virtual event. Text is expected but no Q&A.

12:00 ET
Fed’s Williams moderates a discussion at the Economic Club of New York with Jeremy Siegel, professor of finance at the Wharton School of the University of Pennsylvania.

12:05 ET
Fed’s Mester gives remarks on the economic outlook at the Cleveland Association for Business Economics and Team NEO Luncheon. Both text and Q&A are expected.

13:30 ET
Fed’s Daly participates in a Southern Nevada fireside chat followed by an audience Q&A.