Morning Juice – US Session Prep

Morning, Traders!
It is Tuesday the 24th of September, here are some things to look out for today.

Sentiment
US stock index futures rose as China announced a raft of stimulus measures aimed at boosting economic development, increasing investor demand for riskier assets.

Stocks increased, led by sectors vulnerable to China, such as miners, luxury goods manufacturers, and automakers. Brent crude surpassed $75 per barrel, while iron ore prices rose.
US equities futures pointed to gains at the Wall Street open, but Treasuries fell.

China’s comprehensive package of monetary stimulus on Tuesday boosted risk sentiment, including lower reserve requirements for banks and at least 800 billion Yuan ($114 billion) in liquidity support for equities.

Docket
09:00 ET
US Case-Shiller 20 YoY for July
Median Forecast: 6.1% | Prior: 6.5% | Range: 6.4% / 5.7%

10:00 ET
US CB Consumer Confidence for September
Median Forecast: 104 | Prior: 1.3 | Range: 105.5 / 101

13:00 ET
US sells $69 bln 2-Year Notes

Speakers
09:00 ET
Fed’s Bowman speaks on the economic outlook and monetary policy at the Kentucky Bankers Association Annual Convention.
Text and Q&A are both expected.

10:30 ET
ECB’s Knot speaks on the Dutch Economy.

12:00 ET
ECB’s Nagel gives a speech on the German economy in Frankfurt.

13:10 ET
BoC’s Governor Macklem gives a speech at The Institute of International Finance (IIF) and The Canadian Bankers Association (CBA) Canada Forum 2024.

Good luck!