Morning Juice – US Session Prep
Morning, Traders!
It is Thursday the 25th of April, here are some things to look out for.
Sentiment
Technology companies led falls in US market futures this morning, as Meta’s poor forecast highlighted the danger of volatility during a high-stakes earnings week.
The stakes for tech titan profits are high following Wall Street’s record-breaking run fueled by the mania surrounding artificial intelligence. The market’s reaction demonstrates how expectations of the boost from AI to profitability at firms developing the technology may have run ahead of expectations.
Docket
08:30 ET
US GDP QoQ Q1 Advance
Median Forecast: 2.5% | Prior: 3.4% | Range: 3.1% / 1.7%
US Initial Jobless Claims
Median Forecast: 215K | Prior: 212K | Range: 220K / 205K
11:30 ET
US sells $70 Bln 4-Week Bills
13:00 ET
US sells $44 bln 7-Year Notes
Speakers
11:15 ET
ECB’s Nagel Speaks About Climate Change
Event details here
13:00 ET
ECB’s Panetta Speaks in Frankfurt
Earnings
16:00 ET
Alphabet Q1 2024 Earnings
Est EPS: $1.52
Est Rev: $66.06B
Intel Q1 2024 Earnings
Est EPS: $0.13
Est Rev: $12.70B
16:05 ET
Microsoft Q3 2024 Earnings
Est EPS: $2.83
Est. Rev: $60.87B
Good Luck, Traders!
