Morning Juice – US Session Prep
Good Morning, Traders!
It is Tuesday, the 28th of May. Here is what to look out for today.
Sentiment
As markets reopened in Europe and the United States, stocks traded mixed, with investors looking for clues on the timing of interest-rate cuts from inflation data and central bank speakers.
US stock futures were little changed, but earlier were, boosted by premarket gains for Apple, which increased 2.4% after China shipments rebounded.
Docket
08:30 ET
Canadian PPI MoM for April
Median Forecast: 0.9% | Prior: 0.8% | Range: 1.3% / 0.5%
09:00 ET
US Caseshiller 20 YoY for March
Median Forecast: 7.3% | Prior: 7.3% | Range: 7.65% / 7.3%
10:00 ET
US CB Consumer Confidence for May
Median Forecast: 96 | Prior: 97 | Range: 99 / 92
The US Sells $70 Bln in 3 Month Bills at Auction
The US Sells $70 Bln in 6 Month Bills at Auction
11:30 ET
The US Sells $69 Bln in 2 Year Notes at Auction
13:00 ET
The US Sells $65 Bln in 5 Year Notes at Auction
Speakers
09:00 ET
BoE’s Mann speaks
09:15 ET
ECB’s Knott Speaks ECB Governing Council member Klaas Knot speaks at Barclays-CEPR International Monetary Policy Forum 2024.
09:55 ET
Fed’s Kashkari gives speaker address followed by panel remarks at Barclays-CEPR International Monetary Policy Forum in London.
13:00 ET
BoE’s Haskel speaks
13:05 ET
Fed’s Cook speaks and Fed’s Daly speak on a panel about AI and the economy at the San Francisco Fed.
Good luck!
