Morning Juice – US Session Prep
Daily Dose, US

Morning Juice – US Session Prep

Good Morning Traders!
It is Thursday the 16th of January. Here is what to look out for today.


Sentiment
Global markets climbed on Thursday, boosted by data showing slowing US core inflation and a wave of strong corporate profits.

Nasdaq 100 futures contracts were up 0.5%, boosted by an upbeat report from TSMC, the key chipmaker for Apple and Nvidia.
S&P 500 futures jumped following the benchmark’s 1.8% gain on Wednesday, its highest day since the November election.
In premarket trading, tech shares such as Nvidia gained.

In currency markets, the Dollar index rose, snapping a two-day losing trend.
The latest sluggish growth figures from Britain highlighted the gap between the US economy and its rivals in the developed world, sending the Pound down versus the Dollar. However, the Yen strengthened following reports that BoJ officials believe there is a substantial possibility of raising interest rates next week.


Docket
08:30 ET
US Retail Sale MoM for December
Median Forecast: 0.6% | Prior: 0.7% | Range: 1% / 0.3%
Core Retail Sales MoM
Median Forecast: 0.5% | Prior: 0.2% | Range: 0.8% / 0.2%

US Weekly Jobless Claims
Initial Claims – Median Forecast: 210K | Prior: 201K | Range: 245K / 190K
Continued Claims – Median Forecast: 1.872M | Prior: 1.867M | Range: 1.9M / 1.845M

10:00 ET
US Business Inventories MoM for November
Median Forecast: 0.1% | Prior: 0.1% | Range: 0.2% / 0.1%

US NAHB Housing Market Index for January
Median Forecast: 45 | Prior: 46 | Range: 47 / 43

11:30 ET
The US Sells $95 Bln in 4-Week Bills at Auction


Speakers
12:30 ET
BoC’s Gravelle will provide an update on the Bank of Canada’s balance sheet normalization process and how the Bank will manage its balance sheet once normalization ends.

15:00 ET
ECB’s Panetta speaks in Bologna


Good luck!