Morning Juice – US Session Prep

Good Morning Traders.
It is Tuesday the 1st of October. Here is what to look out for today.

Sentiment
US stock futures pointed to a steady open for the S&P 500 Index, which closed out the previous quarter near record highs, with business activity data later in the day seen offering a snapshot on the economic growth picture. A gauge of the US dollar’s strength rose for a second session ahead of US economic data including JOLTS job openings and ISM manufacturing. That’s after Fed’s Powell said Monday the US central bank will lower interest rates “over time,” while re-emphasizing that the overall economy remains on solid footing. US Treasuries rallied though lagged European debt after dovish comments from a European Central Bank official.

Docket
09:45 ET
US S&P Manufacturing PMI for September
Median Forecast: 47 | Prior: 47 | Range: 47.1 / 46.9

10:00 ET
US ISM Manufacturing PMI
Median Forecast: 47.6 | Prior: 47.2 | Range: 49.2 / 46.8

US Construction Spending
Median Forecast: 0.2% | Prior: -0.3% | Range: 0.5% / -0.5%

US JOLTS Job Openings
Median Forecast: 7.66M | Prior: 7.673M | Range: 7.8M / 7.5M

11:30 ET
The US Sells $48 Bln in 52 Week Bills at Auction

Speakers
10:00 ET
BoE’s Pill speaks at the Q3 Confederation of British Industry Economic Growth Board. A text of the speech will be released.

11:00 ET
Fed’s Bostic gives opening remarks at the Technology-Enabled Disruption conference, organized by the Federal Reserve Banks of Atlanta, Boston, and Richmond.