Morning Juice – US Session Prep

Morning, Traders!
It is Wednesday the 26th of February, here are some things to look out for today.

Sentiment
Global markets gained as investors awaited significant earnings data from Nvidia, which might restart the AI-driven rise.

Meanwhile, Contracts on the Nasdaq 100 & S&P 500 rose.
The moves indicate a rebound on Wall Street following Tuesday’s decline, which was fuelled by a weaker-than-expected consumer confidence reading that raised fears of an economic slowdown.

Resources and mining companies drove European equity advances as well.
Furthermore, a wave of corporations delivered solid reports, boosting optimism.

In bond markets, the 10-year Treasury yield held steady after falling 11 basis points overnight to its lowest level since mid-December.
Money markets have increased their bets on Fed policy easing, predicting more than two quarter-point rate cuts in 2025.
The Dollar also strengthened against G-10 peers, as House Republicans approved a budget proposal, increasing the odds of early action on Trump’s tax cuts.

Earlier, Hong Kong stocks rose sharply when Chinese AI platform DeepSeek resumed access to its key programming interface following a nearly three-week restriction. Copper prices rose on the latest tariff warning, while gold traded slightly off its all-time high set on Monday.

Docket
10:00 ET
US New Home Sales for January
Median Forecast: 680K | Prior: 698K | Range: 705K / 630K

10:30 ET
US Weekly EIA Crude Oil Inventories
Median Forecast: 2M | Prior: 4.633M | Range: 3.3M / 1.1M

13:00 ET
US sells $44 bln 7-Year Notes

Speakers
08:30 ET
Fed’s Barkin repeats speech called “Inflation Then and Now.”

11:00 ET
Trump and DOGE Chief Musk Participate in a Panel
White House Press Pool

11:30 ET
BoE’s Dhingra delivers the Dow Lecture at the National Institute of Economic and Social Research. The speech is on “trade fragmentation and monetary policy.”

12:00 ET
Fed’s Bostic speaks on the economic outlook and housing at the Urban Land Institute’s annual Housing Opportunity Conference in Atlanta.
No text is expected, but there will be a Q&A.

15:00 ET
Trump Signs Executive Orders
Closed Press

16:00 ET
RBA’s Plumb speaks – Why is productivity important? – at the ABE Annual Forecasting Conference 2025, Sydney.

17:00 ET
RBA Assistant Governors Jones and McPhee, and Chief Operating Officer Susan Woods sit for testimony in Canberra before Additional Budget Estimates 2024- 25 Economics Legislation Committee.

Earnings
16:00 ET
Salesforce Q4 2024 Earnings
Est. Eps: $2.61
Est. Rev: $10.03B

16:20 ET
Nvidia Q4 2025 Earnings
Est. Eps: 84c
Est. Rev: $38.26B

Good luck!