Morning Juice – US Session Prep

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

Sentiment
Global equities fell as investors sought more clarification on US tariff plans and the economic outlook ahead of Trump’s April 2nd deadline to slap new trade tariffs.

Futures for the S&P 500 and Nasdaq 100 were down roughly 0.2%, following small advances on Tuesday.
Tesla and Nvidia’s shares fell in premarket trade.
GameStop gained 12% after announcing that its board authorized Bitcoin as a treasury reserve asset.

In Britain, the FTSE 250 index of mid-sized equities rose around 0.5% as data showing an unexpected inflation slowdown bolstered the case for the BoE to lower interest rates.

In currency markets, the Pound was the main mover, falling against the Dollar following the inflation report, while rate-sensitive 2-year bond rates fell nearly 6 bps.
Next up for UK investors is Chancellor Reeves’ spring economic statement, which is coming later today.
Most analysts expect her to cut government spending by billions of Pounds.

Docket
08:30 ET
US Durable Goods February Prelim
Forecast: -1% | Prior: 3.2% | Range: 1.5% / -4.4%

10:30 ET
US Weekly EIA Crude Oil Inventories
Forecast: 1.739M | Prior: 1.745M | Range: 2M / -1.9M

13:00 ET
US sells $70 bln 5-Year Notes

13:30 ET
BoC Meeting Minutes

Speakers
10:00 ET
Fed’s Kashkari hosts a Fed Listens event and conversation in Detroit Lakes, Michigan.
No text is expoected, but there will be a Q&A.

13:00 ET
White House Press briefing with Press Secretary Leavitt.

13:10 ET
Fed’s Musalem speaks on the US economy and monetary policy in remarks, followed by a moderated conversation.
Text and Q&A are both expected.

14:00 ET
ECB Cipollone participates in panel on “smart banks” at Crypto Assets Conference in Frankfurt.

15:00 ET
Trump participates in a Women’s History Month Celebration

Good luck!