Morning Juice - US Session Prep

Morning, Traders!

Sentiment
The dollar was little changed, while the yen fell against all its G10 peers as demand for havens receded on signs the US will avoid a government shutdown. The Kiwi and Aussie dollars led gains as Chinese stocks rallied. Treasuries declined amid gains in US equity futures.

The slump in US stocks is likely to prompt policy intervention from Trump as well as the Federal Reserve, Bank of America’s Michael Hartnett said.

The risk of a Bank of Japan-style of policy easing by the People’s Bank of China has prompted a Tokyo fund manager to hold Chinese government bonds.

Traders look to be turning more optimistic on the dollar after its worst start to the year since Donald Trump’s first term as US President.

Docket
10:00 ET
University Michigan Sentiment Prelim – Forecast 63, Previous 64.7 Range 65.5 / 60.5
1-Year Inflation Expectations – Forecast 4.2%, Previous: 4.3% Range: 4.4% / 3.8%
5-Year Inflation Expectations – Forecast 3.4%, Previous 3.5% Range: 3.6% / 3.3%

Speakers
09:15 ET
ECB’s Cipollone joins panel at ‘Fifty years of Consob: present and future – Reflections in Bocconi’ organized by Consob and Bocconi University in Milan.

Trump’s Schedule