Morning Juice – US Session Prep

Morning, Traders!
It is Tuesday the 14th of May, here are some things to look out for.

Sentiment
US equities futures remained in modest ranges, alongside Treasuries and the dollar, as traders waited for US inflation statistics to provide market direction.

10-year Treasury rates were little changed ahead of the announcement of US producer prices this morning, a crucial inflation indicator. Federal Reserve Chair Powell is also slated to speak, and the consumer price index for Wednesday is expected to indicate stabilisation while staying too high to accelerate the pace of rate decreases.

Docket
08:30 ET
US PPI for April
YoY – Median Forecast: 2.2%% | Prior: 2.1% | Range: 2.3% / 2.1%
MoM – Median Forecast: 0.3% | Prior: 0.2% | Range: 0.4% / 0%
Core YoY – Median Forecast:  2.3% | Prior: 2.4% | Range: 2.4% / 2.2%
Core Mom – Median Forecast:  0.2% | Prior: 0.2%  | Range: 0.3% / 0.1%

11:30 ET
US Sells $46 Billion 52-Week Bills

Speakers
08:45 ET
Keynote speech by ECB’s Schnabel at high-level scientific conference “Weichenstellungen für Wettbewerbsfähigkeit und Wachstum” organised by Federal Chancellery.”

09:10 ET
Fed’s Cook speaks about growth and change at community development financial institutions at a New York Fed event.
There is text expected, but not a Q&A.

10:00 ET
Fed’s Powell and ECB’s Knot speak at a special event organized by Netherlands’ Foreign Bankers’ Association.
No text is expected, but there will be a Q&A with a moderator.
Event details here
Watch here

Good luck!