Morning Juice – US Session Prep

Morning, Traders!
It is Thursday the 31st of October, here are some things to look out for today.

Sentiment
US stocks were poised to extend declines after earnings from Microsoft Corp. and Meta Platforms Inc. disappointed investors, with the two tech heavyweights accounting for about half the losses in Nasdaq 100 futures. Treasuries sharply outperform gilts as UK financial markets absorb Labour government’s plans for increased borrowing and fiscal stimulus. US session includes employment cost index, weekly jobless claims and PCE price indexes.

Docket
08:30 ET
US PCE Price Index for September
YoY – Median Forecast: 2.1% | Prior: 2.2% | Range: 2.2% / 2%
MoM – Median Forecast: 0.2% | Prior: 0.1% | Range: 0.3% / 0.1%
Core YoY – Median Forecast: 2.6% | Prior: 2.7% | Range: 2.7% / 2.2%
Core MoM – Median Forecast: 0.3% | Prior: 0.1% | Range: 0.3% / 0.2%

US Consumer Spending for September
Median Forecast: 0.4% | Prior: 0.3% | Range: 0.6% / 0.2%

US Weekly Jobless Claims
Initial Claims – Median Forecast: 230K | Prior: 227K | Range: 245K / 220K
Continued Claims – Median Forecast: 1.88M | Prior: 1.897M | Range: 1.995M / 1.865M

11:30 ET
US sells $95 bln 4-Week Bills

Earnings
16:00 ET
Amazon Q3 2024 Earnings
Est. EPS $1.14
Est. Rev $157.06B

Intel Q3 2024 Earnings
Est. EPS -2c
Est. Rev $13.01B

16:30 ET
Apple Q3 2024 Earnings
Est. EPS $1.54
Est. Rev $94.48 B

Good luck!