Morning Juice – US Session Prep
Morning, Traders!
It is Tuesday the 16th of April, here are some things to look out for today.
Sentiment
Even as investors wrestled with the danger of higher-for-longer interest rates and an Israeli counter-strike, the Wall Street selloff appeared to be easing.
US market futures edged higher, indicating a comeback after the S&P 500 dropped more than 1% in the previous two days.
2-Year Treasury yields approached 5%. The dollar has climbed for the fifth day in a row, the longest run since January.
Docket
08:15 ET
Canadian House Starts, Annualized for March
Median Forecast: 243.5K | Prior: 253.5K | Range: 289.6K / 230.0K
08:30 ET
Canadian CPI for March
YoY – Median Forecast: 2.9% | Prior: 2.8% | Range: 3.0% / 2.5%
MoM – Median Forecast: 0.7% | Prior: 0.3% | Range: 0.7% / 0.3%
US Housing Starts for March
Median Forecast: 1.484M | Prior: 1.521M | Range: 1.565M / 1.44M
09:15 ET
US Industrial Production MoM – Median Forecast: 0.4% | Prior: 0.1% | Range: 1.2% / 0%
11:30 ET
US sells $46 bln 52-Week Bills
Speakers
09:00 ET
Fed’s Jefferson delivers the keynote at the Fed’s International Research Forum on Monetary Policy.
Text expected, but no Q&A.
Watch here
12:30 ET
Fed’s Williams moderates a discussion with ECB’s Villeroy, organized by the Economic Club of New York.
There is no text expected, but there will be a Q&A.
13:00 ET
Bank of England’s Gov. Bailey interviewed at the International Monetary Fund meeting.
Watch here
Fed’s Barkin speaks to the Rotary Club of Winston- Salem on the economic outlook and takes questions.
There is no text expected, but there will be a Q&A.
13:15 ET
Fed’s Powell will participate in a moderated discussion with BoC’s Macklem.
There is no text expected, but there will be a Q&A.
Watch here
14:00 ET
ECB’s Vujcic speaks at Annual Conference on EU-US Competitiveness in Honor of Donald Blinken at Columbia University.
Good luck!