Morning Juice – US Session Prep
Morning, Traders!
It is Thursday the 18th of July, here are some things to look out for today.
Sentiment
US tech stocks were expected to recover some of this week’s losses, boosted by upbeat earnings from the world’s largest chipmaker and the prospect of encouraging results from other major players in the sector.
Nasdaq 100 futures rose 0.4% following earnings that exceeded expectations and strong forecasts from Taiwan Semiconductor Manufacturing, Nvidia, Advanced Micro Devices, and Super Micro Computer all rose sharply in premarket trading.
Yesterday, the Nasdaq 100 had its worst day since 2022, as investors worried about tighter US restrictions on companies that supply China with advanced semiconductor technology.
Europe’s Stoxx 600 index rose.
Docket
08:30 ET
US Weekly Jobless Claims
Initial Claims – Median Forecast: 229k | Prior: 222k | Range: 255k / 204k
Continuing Claims – Median Forecast: 1.856M | Prior: 1.852M | Range: 1.87M / 1.8
11:30 ET
US sells $90 bln 4-Week Bills
13:00 ET
US sells $19 bln 10-Year TIPS
Speakers
08:45 ET
ECB Press Conference with President Lagarde following the ECB Interest Rate Decision
10:00 ET
Fed’s Goolsbee Speaks on Yahoo Finance
Watch Here
13:45 ET
Fed’s Logan gives opening remarks at a conference cohosted by the Dallas and Atlanta Fed.
Text is expected, but no Q&A.
Good luck!
