Morning Juice – US Session Prep
Morning, Traders!
Happy Friday, it is the 9th of August, here is what to look out for today.
Sentiment
A wild week in markets has ended on a subdued note, with Friday trading seeing light equity volumes and small moves across stocks, bonds, and currencies.
US stocks are close to recouping all of their losses from Monday’s market crash, with S&P 500 futures indicating a 0.2% gain at the open.
European stocks are already up for the week as investors look for bargains amid the selloff.
Treasury yields fell, and the dollar weakened.
The VIX Index hovered around 23.
US stock markets rebounded yesterday as data showed fewer Americans filing for unemployment benefits, easing fears of a recession. The S&P 500 has lost only 0.5% this week.
Investors will be waiting for next week’s data, which includes reports on US consumer inflation and retail sales.
Docket
08:30 ET
Canadian Employment Situation
Employment Change – Median Forecast: 25k | Prior: -1.4k | Range: 57.4k / 20k
Unemployment Rate – Median Forecast: 6.5% | Prior: 6.4% | Range: 6.6% / 6.4%
Good luck, and have a good weekend!