Morning Juice – US Session Prep

Morning, Traders!
It is Tuesday the 11th of February, here are some things to look out for today.

Sentiment
Stocks fell as the fresh tariff news sparked concern among traders, who are also anticipating testimony from Fed Chair Powell and vital US inflation data.

S&P 500 and Nasdaq 100 futures fell after Trump imposed tariffs on steel and aluminium imports into the US.
Tumbling mining and travel shares weighed on Europe’s Stoxx 600 index, while an Asian market index fell.
The Dollar index maintained its gains from Monday.

The swings highlight how investors are straining to assess the possible impact of Trump’s measures on global trade, corporate profitability, and inflation.
The EU said that it will respond to any tariffs imposed by the US, potentially worsening a transatlantic trade dispute.

On the UK front, BoE’s Mann stated that she voted for a significant half-point interest-rate drop at last week’s BoE meeting to “cut through the noise” after seeing additional signs of a slowing economy.
The Pound fell before paring the move.

Oil rose from near-record lows this year, as falling Russian output alleviated concerns about a glut.
Gold hit a new high above $2,940 an ounce before reversing some of its gains.

Docket
13:00 ET
US sells $58 bln 3-Year Notes

Speakers
08:50 ET
Fed’s Hammack gives a speech on the economic outlook at an event in Kentucky.
Text and Q&A are both expected.

10:00 ET
Fed’s Powell testifies before the US Senate Committee on Banking, Housing, and Urban Affairs.
Text and Q&A are both expected.
NOTE: Text for Powell’s semi-annual testimonies is sometimes made available ahead of the event start. Can be as early at 08:30 ET.

12:00 ET
ECB’s Schnabel participates in Nuremberg Talks Series’ panel discussion organized by Institut für Arbeitsmarkt- und Berufsforschung in Nürnberg, Germany.
The slides will be made available on the ECB’s website.

12:30 ET
BoE’s Mann speaks at a central bank event in Sheffield.

15:30 ET
Fed’s Bowman speaks on bank regulation to the 2025 Iowa Bankers Association Bank Management and Policy Conference.
text is expected, but no Q&A.

Fed’s Williams gives keynote remarks followed by a moderated Q&A at an event hosted by the Pace University Economics Society.
Text and Q&A are both expected.

US Treasuries’ Chief Economist Stephens presents on ‘The State of the Economy’.

Good luck!