Morning Juice – US Session Prep

Morning, Traders!
It is Thursday the 13th of February, here are some things to look out for today.

Sentiment
The dollar fell as the prospect of peace talks to end to the war in Ukraine buoyed European currencies. Treasury yields fell, paring Wednesday’s aggressive rise, with market focus turning to producer-price inflation and an auction of 30-year government bonds. US stock futures were steady ahead of jobless claims data after a higher-than-expected inflation reading on Wednesday reinforced the view that the Federal Reserve is in no hurry to cut rates.

Docket
08:30 ET
US PPI for January
YoY – Median Forecast: 3.3% | Prior: 3.3% | Range: 3.5% / 3.1%
MoM – Median Forecast: 0.3% | Prior: 0.2% | Range: 0.6% / 0.2%
Core YoY – Median Forecast: 3.3% | Prior: 3.5% | Range: 3.4% / 3.2%
Core MoM – Median Forecast: 0.3% | Prior: 0% | Range: 0.5% / 0.2%

US Weekly Jobless Claims
Initial Claims – Median Forecast: 216k | Prior: 219k | Range: 225k / 208k
Continued Claims – Median Forecast: 1.885M | Prior: 1.886M | Range: 1.91M / 1.85M

11:30 ET
US sells $90 bln 4-Week Bills

13:00 ET
US sells $25 bln 30-Year Bonds

Speakers
12:00 ET
ECB’s Nagel joins the OMFIF and the University of Glasgow to take stock of the progress in driving the green transition since C0P26 in 2021.
He explores the necessary scale of climate investments in the euro area and the potential instruments to finance them.

Good luck!