Morning Juice – US Session Prep

Morning, Traders!
It is Wednesday the 7th of August, here are some things to look out for today.

Sentiment
Stocks rose after the Bank of Japan moved to reassure markets following historic volatility caused in part by its unexpected interest rate hike last week.

Futures for the S&P 500 and Nasdaq 100 rose after the underlying indexes rallied on Tuesday amid a wave of dip buying. The Stoxx Europe 600 index strengthened, with mixed earnings reports from some of the region’s largest companies doing little to dampen the risk-on sentiment.
Japanese stocks sparked a broad rally throughout Asia.

Bank of Japan Deputy Governor Shinichi Uchida sent a strong dovish signal by promising not to raise interest rates when markets are volatile.
The yen fell by more than 2% against the dollar following his remarks, which were the first by a BoJ board member since the bank raised interest rates on July 31st.

Docket
10:30 ET
US EIA Weekly Crude Oil Inventories
Median Forecast: -0.84M | Prior: -3.436M | Range: 1M / -3M

13:00 ET
US sells $42 bln 10-Year Notes

13:30 ET
BoC Meeting Minutes

Good luck!