Morning Juice – US Session Prep

Good Morning Traders.
It is Tuesday the 8th of October. Here is what to look out for today.

Sentiment
US market futures gained, marking a recovery from the previous day’s losses as investors looked ahead to consumer pricing data due this week, after traders reduced their expectations on Federal Reserve interest rate reduction. The enthusiasm for last week’s unexpectedly high payrolls statistics faded in Monday’s session, with US shares falling due to a tech selloff, geopolitical concern, and betting on a lesser Fed rate cut. Geopolitical concerns continue to weigh on morale as tensions in the Middle East escalate. Israel’s Defense Minister, Yoav Gallant, plans to visit Washington on Wednesday as the government considers how to respond to an Iranian missile attack.

Docket
08:30 ET
US Trade Balance
Median Forecast: -70.5b | Prior: -78.8b | Range: 73.3b / -76.4b

Canadian Trade Balance
Median Forecast: -0.5b | Prior: 0.68b | Range: 0.89b / -1.5b

13:00 ET
EIA Short Term Energy Outlook Report

Speakers
12:45 ET
Fed’s Bostic gives remarks on the economic outlook followed by a moderated conversation at the Atlanta consular corps luncheon in Atlanta. No text expected.

16:00 ET
Feds’s Collins will provide remarks as part of the 23rd annual Regional & Community Bankers Conference. Text and Q&A expected.