Morning Juice – US Session Prep

Good Morning, Traders!
It is Tuesday the 2nd of July. Here is what to look out for today.

Sentiment
American equity futures fell as a rally in tech megacaps stalled ahead of jobs data, which could provide more clues about the outlook for US interest rates.

Contracts for the S&P 500 and Nasdaq 100 were down. Tesla shares fell in premarket trading, wiping out some of yesterday’s 6% gain. Nvidia, Meta Platforms, and Apple all declined.

The 10-year Treasury yield maintained Monday’s gains, which were fueled by speculation that a Donald Trump presidency would result in larger US fiscal deficits and higher inflation.
The dollar rose for the second consecutive day.

Docket
10:00 ET
US JOLTS Job Openings
Median Forecast: 7.955M | Prior: 8.059M | Range: 8.3M / 7.682M

Speakers
09:30 ET
Fed’s Chair Powell and ECB’s President Lagarde speak on the ECB Forum on Central Banking
Watch Live

Good luck!