Morning Juice – US Session Prep

Morning, Traders!
It is Tuesday the 15th of October, here are some things to loom out for today.

Sentiment
US market futures were trading lower this morning as the S&P 500 reached its 46th record high in 2024.
Nasdaq 100 contracts fell with Nvidia and Advanced Micro Devices dipping in premarket trading after reports that that Biden administration officials were discussing restricting shipments of advanced AI processors to some countries.

According to BofA strategists, a first batch of Q3 financial data released last week demonstrated that Corporate America is benefiting from lower interest rates early in the Fed’s easing cycle.

Docket
08:30 ET
Canadian CPI for September
YoY – Median Forecast: 1.8% | Prior: 2% | Range: 2.2% / 1.6%
MoM – Median Forecast: -0.3% | Prior: -0.2% | Range: 0.1% / -0.4%

NY Fed Manufacturing for October
Median Forecast: 3.6 | Prior: 11.5 | Range: 8.9 / -5.9

11:00 ET
NY Fed Inflation Expectations

11:30 ET
US sells $81 bln 3-Month Bills
US sells $72 bln 6-Month Bills

Speakers
11:30 ET
Fed’s Daly gives keynote remarks followed by a moderated conversation with Bloomberg’s Lisa Abramowicz at an event hosted by the NYU Stern School of Business.
Text and Q&A are both expected.

13:00 ET
Fed’s Kugler takes part in a Virtual Event titled ‘Exploring Careers in Economics Subject: Career Opportunities and Diversity in Economics’
No text is expected, there will be a Q&A.

Good luck!