Morning Juice – US Session Prep

Morning, Traders!
It is Monday the 3rd of March, the first trading day of the month.
Here are some things to look out for today.

Sentiment
US stock futures hinted at increases on Wall Street, as some investors saw a rough week as an opportunity to buy.
Defence firms soared throughout Europe, as leaders accelerated their investment plans.

Contracts for the S&P 500 rose 0.5%, while the Nasdaq 100 rose 0.7%.
Tesla led premarket advances among the Magnificent Seven stocks despite posting its largest monthly fall in nearly two years.
Crypto markets surged following Trump’s recent remarks regarding a strategic reserve for the coins.

In Europe, defence stocks bolstered the Stoxx 600 index.
Following a public spat between Trump and Zelenskiy on Friday, regional leaders rallied around Ukraine and advanced plans for increased military expenditure.

Bonds in Germany and France fell amid expectations of more debt issuance. Germany’s future administration is looking into options for large-scale security and infrastructure investments that might cost hundreds of billions of Euros.

Markets are already bracing for a March 4th tariff deadline, with 25% penalties expected on Canada and Mexico and an additional 10% on China.

Docket
09:45 ET
US S&P Manufacturing PMI February Final
Median Forecast: 51.6 | Prior: 51.6 | Range: 51.6 / 51.4

10:00 ET
US ISM Manufacturing PMI for February
Median Forecast: 50.5 | Prior: 50.5 | Range: 52.2 / 50.2

11:30 ET
US sells $76 bln 3-Month Bills
US sells $68 bln 6-Month Bills

Speakers
12:35 ET
Fed’s Musalem to give keynote luncheon speech at National Association for Business Economics conference on the US economy and monetary policy.
Text and Q&A are expected.

Good luck!