Morning Juice – US Session Prep

Morning, Traders!
It is Thursday the 8th of August, here are some things to look out for today.

Sentiment
US equity-index futures varied, and European equities fell, adding to the volatility that has gripped global markets for days as the debate over central bank policy decisions continues to feed investor worry.

Following overnight drops on Wall Street, contracts on the S&P 500 and Nasdaq 100 fluctuated between tiny gains and losses. Europe’s Stoxx 600 index erased much of Wednesday’s gains, driven down by technology and mining stocks.
MSCI’s Asia-Pacific Index fell, while Japan’s Topix Index returned to the red after a recent rally.
The dollar sank versus major currencies, while Treasury yields fell.

Markets have been volatile since sluggish economic data last week raised concerns that Federal Reserve policy is threatening a worse slump.
Following last week’s shaky payrolls results, today’s US jobless claims reports are more important than ever.
Investors are also expecting the US and Japanese central banks to move interest rates in different directions in the coming months, placing more burden on the yen-funded carry trade.

Docket
08:30 ET
US Weekly Jobless Claims
Initial Claims – Median Forecast: 240k | Prior: 249k | Range: 253k / 230k
Continued Claims – Median Forecast: 1.871M | Prior: 1.877M | Range: 1.895M / 1.85M

11:30 ET
US sells $95 bln 4-Week Bills

13:00 ET
US sells $25 bln 30-Year Bonds

Speakers
Fed’s Barkin speaks during a NABE webinar, moderated by Morgan Stanley’s Ellen Zentner.
Registration for NABE members only
Livestream will be available on the NABE website (click here)

Good luck!