Morning Juice – US Session Prep

Morning, Traders!
It is Monday the 24th of March, here are some things to look out for today.

Sentiment
US stock futures surged, with Nasdaq 100 Index futures up as much as 1.2%, as traders bought beaten-down tech stocks and drew heart from signals that US tariffs may be more targeted.

In early Monday trading, S&P 500 contacts rose by around 1%. Tesla gained almost 4% in premarket trade.
Nvidia and Palantir surged on reports that Jack Ma’s Ant Group had developed AI techniques that might reduce expenses by 20%.

Meanwhile, the Dollar sank and Treasury yields rose. European indexes saw little change.

Investors were keeping a watch on Turkey, where President Erdogan’s major political adversary, Imamoglu, was arrested, which might provoke widespread protests.
The Lira plummeted 0.6% versus the Dollar, reaching near-record lows.

Docket
09:45 ET
US S&P March Prelim PMIs
Manufacturing – Forecast: 51.8 | Prior: 52.7 | Range: 53.1 / 50.1
Services – Forecast: 51 | Prior: 51 | Range: 53 / 49

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

Speakers
13:45 ET
Fed’s Bostic speaks on Bloomberg TV.

14:00 ET
BoE’s Governor Bailey speaks at the University of Leicester on “growth in the UK economy.”

Trump & the Louisiana Governor Speak

14:30 ET
ECB’s Escrivá gives lecture on Economic situation in Spain and Europe, organized by the la Caixa Foundation.

15:00 ET
Trump participates in a Greek Independence Day Celebration.

15:10 ET
Fed’s Barr speaks in a moderated discussion on small business lending at an event hosted by the Aspen Institute.
Text and Q&A are both expected.

Good luck!