Morning Juice – US Session Prep
Daily Dose, US

Morning Juice – US Session Prep

Morning, Traders!
It is Wednesday the 8th of May, here are some things to look out for.

US equity futures edged lower as this month’s rally stalled due to a lack of catalysts.
Treasury yields and the dollar gained.

After the S&P 500 gained 3% in May, investors are now unsure what comes next as earnings season winds down. US policymakers are signalling that bets on a shift to easier policy may be premature, with Federal Reserve Bank of Minneapolis President Neel Kashkari saying the central bank will likely keep interest rates unchanged “for an extended period of time.”

10:00 ET
US Wholesale Inventories MoM for March
Median Forecast: -0.4% | Prior: -0.4% | Range: -0.1% / -0.4%

10:30 ET
Weekly EIA Crude Oil Inventories
Median Forecast: -1.43M | Prior: 7.265M 

13:00 ET
US Sells $42 Bln in 10 Year Notes at Auction

11:00 ET
Fed’s Jefferson participates in a moderated discussion on careers in economics.
Register Here

11:45 ET
Fed’s Collins will provide remarks to MIT students followed by a fireside discussion.
Both text and Q&A are expected.
Watch Here

13:30 ET
ECB’s de Cos speaks in Expansión forum.

13:30 ET
Fed’s Cook will discuss the Fed’s latest semi-annual Financial Stability Report at an event hosted by Brookings.
Register Here

Good luck!