Morning Juice – US Session Prep

Good Morning Traders.
It is Wednesday the 9th of October. Here is what to look out for today.

Sentiment
US stock futures were subdued ahead of a key inflation report later this week. Shares of Google parent Alphabet dropped in premarket on news that the US is considering a breakup of one of the world’s biggest tech firms. Google parent Alphabet fell about 1.3%, with the US Justice Department considering asking a federal judge to force Google to sell off parts of its business. Among other notable premarket movers, Boeing dropped after negotiations to end an almost month-long strike collapsed. A recovery in US stocks has slowed following the selloff over the summer as investors weigh the outlook for economic growth and interest rates. A strong jobs report last week assuaged worries about an imminent recession.

Docket
10:30 ET
Weekly EIA Crude Oil Inventories
Median Forecast: 1.6M | Prior: 3.889M | Range: 3M / -2M

13:00 ET
The US Sells $39 Bln in 10-Year Notes at Auction

14:00 ET
FOMC Meeting Minutes

Speakers
09:15 ET
Fed’s Logan speaks to the Greater Houston Partnership Future of Global Energy Conference. Text is expected.

10:30 ET
Fed’s Goolsbee gives opening remarks at the Chicago Payments Symposium.

12:00 ET
ECB’s Villeroy speaks at event in Paris.

12:15 ET
Fed’s Barkin gives welcome remarks before hybrid Chicago Payments Symposium.

12:30 ET
Fed’s Jefferson speaks on the discount window 1990-present at an event hosted by the Charlotte Economics Club. Text and Q&A expected.