Morning Juice – US Session Prep
Daily Dose, US

Morning Juice – US Session Prep

Good Morning Traders.
It is Wednesday the 29th of January. Here is what to look out for today.


Sentiment
US stock futures rose, extending their recovery from an AI-driven selloff at the start of the week as traders turned their attention to big-tech earnings and the Fed’s interest-rate decision.

Nasdaq 100 contracts and S&P 500 futures moved higher.
In Europe, the Stoxx 600 index increased 0.7% with ASML soaring 11% as order bookings exceeded expectations, boosting semiconductor firms.

Following the DeepSeek announcement, Microsoft’s AI spending will be closely monitored when the firm reports.
The business is scheduled to provide an update to investors on its success in selling AI products, as well as the vast infrastructure buildout that enables this.

Central banks also appear to be easing, with the BoC expected to cut interest rates by a quarter point. The ECB is also likely to make a cut tomorrow.


Docket
09:45 ET
BoC Rate Decision
Median Forecast: 3% | Prior: 3.25% | Range: 3% / 3%
BoC Rate Statement

10:30 ET
BoC Press Conference
Weekly EIA Crude Oil Inventories
Median Forecast: 2.186M | Prior: -1.017M | Range 3.99M / -1M

14:00 ET
US Interest Rate Decision
Median Forecast sees the Fed leaving rates unchanged at 4.5%
FOMC Rate Statement

14:30 ET
FOMC Press Conference with Chair Powell


Speakers
09:15 ET
BoE’s Governor Bailey and policymakers Nathanaël Benjamin, Liz Oakes and Colette Bowe speak at a Treasury Committee hearing on the November Financial Stability Report.


Earnings
16:05 ET
Microsoft Q2 2025 Earnings
Est. EPS: £3.12
Est. Rev: $68.9B

Tesla Q4 2024 Earnings
Est. EPS: £0.75
Est. Rev: $27.21B

Meta Q4 2024 Earnings
Est. EPS: £6.78
Est. Rev: $46.98B

14:10 ET
IBM Q4 2024 Earnings
Est. EPS: £3.75
Est. Rev: $17.54B


Good luck!