Morning Juice – US Session Prep

Morning, Traders!
It is Tuesday the 19th of November, here is what to look out for today.

Sentiment
Stocks fell, while global bonds rose on concerns about the latest escalation in Russia’s war against Ukraine.

S&P 500 futures fell and the yield on 10-year Treasuries declined 5 bps, to 4.36%.
The movements were more pronounced in Europe, with German bond rates falling to their lowest level since October.
The Euro alongside Poland’s major stock index fell.

Markets were rocked by reports that Ukrainian military had launched their first strike on a Russian border territory with Western-supplied ATACMS missiles.
Earlier, President Vladimir Putin approved a new nuclear policy that widens the parameters under which Russia can deploy nuclear weapons, even in reaction to a significant conventional strike on its territory.
Putin promised in September to alter the doctrine.

Traditional safe-haven investments such as the Japanese Yen, Swiss Franc, and gold all gained value.
Ukraine’s sovereign Dollar bonds fell the highest among emerging-market peers, with a note due in February 2029 losing 1.6 cents to the Dollar.

Docket
08:30 ET
Canadian CPI for October
YoY – Median Forecast: 1.9% | Prior: 1.6% | Range: 2% / 1.8%
MoM – Median Forecast: 0.3% | Prior: -0.4% | Range: 0.4% / 0.2%

US Housing Starts Number for October
Median Forecast: 1.335M | Prior: 1.354M | Range: 1.4M / 1.277M

Speakers
13:10 ET
Fed’s Schmid gives a speech on the economic outlook and monetary policy to the Greater Omaha Chamber.
The Event begins at 1 PM ET, Schmid will begin at approximately 1:10 PM ET.
There is no indication as to whether a text will be released, but a Q&A is expected.

Good luck!