Morning Juice – US Session Prep
Morning, Traders!
It is Tuesday the 25th of June, here is what to look out for today.
Sentiment
Stock futures pointed to gains at the Wall Street open, as shares of technology behemoth Nvidia recovered in premarket trading.
Contracts on the S&P 500 and the tech-heavy Nasdaq rose 0.2% and 0.4%, respectively, on speculation that a three-day selloff that erased more than $400 billion from Nvidia’s market capitalization was overdone.
On Tuesday, the chipmaker gained up to 3.5% in premarket trading.
Danske Bank analysts wrote that the decline in technology shares was “purely an investor/sentiment story.” “The fundamentals remain unchanged from a week ago.”
Docket
08:30 ET
Canadian CPI for May
YoY – Median Forecast: 2.6% | Prior: 2.7% | Range: 2.7% / 2.5%
MoM – Median Forecast: 0.3% | Prior: 0.5% | Range: 0.4% / 0.2%
10:00 ET
US CB Consumer Confidence for June
Median Forecast: 100 | Prior: 102 | Range: 106 / 96
13:00 ET
US sells $69 bln 2-Year Notes
Speakers
12:00 ET
Fed Governor Cook speaks about the economic outlook at the Economic Club of New York.
Text and Q&A are both expected.
13:15 ET
ECB’s Nagel gives a speech on digitization in Frankfurt.
14:10 ET
Fed Governor Bowman gives recorded opening remarks at the Midwest Cyber Workshop.
Text is expected.
Good luck!
