Morning Juice – US Session Prep

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

Sentiment
US futures fought for direction as political turbulence in the Middle East and South Korea dampened excitement over China’s monetary policy move, as investors waited for central bank decisions in several key markets.

US-listed Chinese shares climbed, however, following a strong close for Hong Kong’s benchmark while the offshore Yuan recovered losses to trade 0.1% higher.
The steps came after China’s top leaders indicated that they will pursue a ‘moderately loose’ strategy next year, a sign of further easing that will be welcomed by investors eager for additional stimulus.

Later this week, ECB officials will determine interest rates for the first time since the Paris and Berlin administrations collapsed due to budget disagreements.
In addition to the ECB, the BoC and the SNB are expected to ease policy, while Australia’s central bank is predicted to leave its benchmark interest rate unchanged despite signals that the country’s economy is weakening.

Crude oil prices surged following the overthrow of President Bashar al-Assad’s regime unnerved an already volatile Middle East.
South Korea likewise faces a prolonged political standstill, with opposition MPs calling for another impeachment vote against President Yoon Suk Yeol.

Docket
10:00 ET
US Wholesale Inventories MoM October Final
Median Forecast: 0.2% | Prior: 0.2% | Range: 0.2% / 0%

11:30 ET
The US Sells $81 Bln in 3-Month Bills
The US Sells $72 Bln in 6-Month Bills

Good luck!