Morning Juice – US Session Prep
Morning, Traders!
It is Wednesday the 24th of April, here are some things to look out for.
Sentiment
Stocks edged higher this morning, with a rally in technology shares keeping benchmarks afloat following disappointing earnings from the European banking and luxury sectors.
Traders await US fixed income sale this afternoon, with the US selling a record $70 bln in 5-year notes, following a 2-year note sale yesterday that garnered strong demand.
Investors will see more major earnings today, with Meta and IBM due to report after the close today.
Docket
08:30 ET
US Durable Goods Orders For March
Median Forecast: 2.5% | Prior: 1.3% | Range: 5% / 0.3%
Canadian Retail Sales MoM For February
Median Forecast: 0.1% | Prior: -0.3% | Range 0.8% / 0%
10:30 ET
Weekly EIA Crude Oil Inventories
Median Forecast: 2M | Prior: 2.735M | Range: 2.254M / -1M
13:00 ET
US sells $70 bln 5-Year Notes
13:30 ET
BoC Meeting Minutes
Speakers
08:16 ET
German Economy Minister Habeck holds a news conference about the spring economic forecasts in Berlin.
09:15 ET
ECB’s McCaul chairing plenary session and delivering concluding remarks at high- level seminar on “Governance and risk culture: going forward by looking back” jointly organised by the ECB and the Florence School of Banking and Finance.
10:00 ET
ECB’s Schnabel gives opening remarks at “Frankfurt liest ein Buch”.
Event details here
Earnings
16:05 ET
Meta Q1 2024 Earnings
Est EPS: $4.30
Est Rev: $30.52B
16:10 ET
IBM Q1 2024 Earnings
Est EPS: $1.59
Est Rev: $14.56B
Good luck, Traders!
