Morning Juice - US Session Prep

Sentiment
The dollar fell and Treasuries held gains in the wake of Monday’s global stocks selloff, with investors sticking to safe US assets amid concerns about the health of the world’s biggest economy. Markets are looking ahead to data on US job openings and layoffs on Tuesday, as well as inflation on Wednesday, to see if the slowing activity calls for further interest-rate cuts by the Fed.

From ditching US stocks for Chinese peers to buying the yen and the euro, traders are running for cover as they ponder how a US markets meltdown may unfold.

Gold climbed – regaining a small foothold above $2,900 an ounce – as a global selloff that had rattled Wall Street lost momentum, even as investors remained concerned about the outlook for the US economy.

A global selloff in stocks eased in Asian hours as US equity-index futures. Treasury yields and cryptocurrencies all recovered from sharp declines at the start of the trading day.

Docket
10 AM ET
US JOLTS Job Openings Forecast 7.6M, Previous 7.6M Range 7.9M/74.M

12 PM ET
EIA STEO Report

1 PM ET
US sells $58 bln 3-Year Notes

4:30 PM ET (Tentative)
US API Crude Oil Stock Change Previous -1.455M
US API Cushing Stock Change Previous 1.63M
US API Distillate Stock Change Previous 1.136M
US API Gasoline Stock Change Previous -1.249M

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