Morning Juice – US Session Prep

Morning, Traders!
It is Wednesday the 17th of July, here are some things to look out for today.

Sentiment
Global tech shares fell, with Nasdaq futures down this morning on fears that the US would impose harsher restrictions on Chinese trade and semiconductor technology.

Nvidia, Intel, and Apple all retreated in trading before the US exchanges opened. ASML Holding NV fell, with technology stocks also leading the decline in Europe.
The Biden administration is considering imposing the most severe trade restrictions possible if companies such as ASML continue to provide China with advanced semiconductor technology.

Docket
08:30 ET
US Housing Starts Number for June
Median Forecast: 1.3M | Prior: 1.277M | Range: 1.39M / 1.248M

US Building Permits Number for June
Median Forecast: 1.4M | Prior: 1.399M | Range: 1.5M / 1.35M

09:15 ET
US Industrial; Production MoM for June
Median Forecast: 0.3% | Prior: 0.7% | Range: 0.8% / -0.2%

US Capacity Utilisation for June
Median Forecast: 78.4% | Prior: 78.7% | Range: 78.9% / 77.9%

10:30 ET
US Weekly EIA Crude Oil Inventories
Median Forecast: -1.08M | Prior: -3.443M | Range: 1.3M / -3M

13:00 ET
US sells $13 bln 20-Year Bonds

14:00 ET
Fed’s Beige Book

Speakers
09:00 ET
Fed’s Barkin will give informal remarks on the economy and take audience questions in Landover, Maryland.
No text is expected.

09:35 ET
Fed’s Waller speaks on the economic outlook at a Federal Reserve Bank of Kansas City Event.
Text and Q&A are both expected.

Good luck!