Morning Juice – US Session Prep
Morning, Traders!
It is Tuesday the 7th of May, here are some things to look out for today.
Sentiment
Optimism that the Federal Reserve will begin cutting interest rates this year, combined with a string of positive results, drove stocks and bonds higher this morning.
Oil erased gains from yesterday following reports yesterday that indicated the potential for progress on ceasefire talks between Israel and Hamas.
The Australian dollar underperformed following the RBA rate decision last night, where rates were left unchanged, as expected, repeating that nothing is ruled in or out in terms of future moves.
Docket
12:00 ET (Tentative)
The EIA releases the latest Short-Term Energy Outlook report.
13:00 ET
US sells $58 bln 3-Year Notes
15:00 ET
US Consumer Credit for March
Median Forecast: 15B | Prior: 14.12B | Range: 20B / 5B
Speakers
09:00 ET
ECB’s de Cos speaks at the BIS Summit
Watch Here
10:00 ET
ECB’s Nagel speaks at a panel discussion titled “Empowering the Single Market – Opportunities and challenges”
Event Details Here
11:30 ET
Fed’s Kashkari participates in a fireside chat at the Milken Institute Global Conference.
No indication of whether a text will be released, but a Q&A is expected.
Watch Here
ECB’s Nagel gives speach in Oestrich-Winkel at the Joint Spring Conference 2024 – Structural Changes and the Implications for Inflation
Register Here
13:20 ET
Fed’s Kashkari speaks on Bloomberg TV
Watch Here
Good luck!
