Morning Juice – US Session Prep

Morning, Traders!
It is Monday the 30th of December, here are some things to look out for today.

Sentiment
Global markets moved lower on weaker holiday-season volumes as a robust surge in technology companies faltered in the final trading sessions of 2024.

US equity futures pointed to a slightly softer opening on Wall Street following Friday’s drop, which was highlighted by a pullback in tech megacaps.

Treasuries rose, with 10-year rates falling from around their highs since May. German bonds lost an earlier advance after data showed Spanish inflation accelerated faster than expected, strengthening the ECB’s case for gradual interest rate cuts.

Oil prices were barely altered in subdued year-end trade as the market focused on the outlook for 2025. Crude is expected to fall this year, with trading limited to a narrow range since mid-October. Gold is poised for one of its most significant annual rises this century.

Docket
09:45 ET
US Chicago PMI for December
Median Forecast: 43 | Prior: 40.2 | Range: 44 / 40

10:00 ET
US Pending Home Sales Change MoM for November
Median Forecast: 0.7% | Prior: 2% | Range: 3.1% / -2%

11:30 ET
US sells $84 bln 3-Month Bills
US sells $72 bln 6-Month Bills

Good luck!