Morning Juice – US Session Prep
Morning, Traders!
It is Thursday the 6th of June, here are some things to look out for today.
Sentiment
Global tech shares rose on Thursday, with Nvidia expected to build on it’s $3 trillion market value as interest rate decreases add to the current frenzy surrounding artificial intelligence.
US market futures were unchanged after the S&P 500 set its 25th closing record on Wednesday. Nvidia rose nearly 2% in New York premarket trading after becoming the first computer chip maker to reach $3 trillion in valuation.
Docket
08:30 ET
US Weekly Jobless Claims
Initial Claims – Median Forecast: 220K | Prior: 219K | Range: 230K / 210K
Continued Claims – Median Forecast: 1.79M | Prior: 1.791M | Range: 1.8M / 1.75M
US Trade Balance for April
Median Forecast: -$76.5B | Prior: -$69.4B | Range: -$68B / -$77.8B
11:30 ET
US sells $70 bln 4-Week Bills
Speakers
08:45 ET
ECB Press Conference with President Lagarde following the ECB Interest Rate decision
Video will be available here
Good luck!