Morning Juice – US Session Prep

Sentiment
The Bank of Japan pushed back the timing for when it expects to reach its inflation target and slashed its growth forecasts as the global trade war initiated by Donald Trump darkens the economic outlook. President Donald Trump acknowledged that his sweeping tariff program had risked imperiling him politically, but said he would not rush deals to appease nervous investors during a town hall on Wednesday. The US and Ukraine reached a deal over access to the country’s natural resources, offering a measure of assurance to officials in Kyiv who had feared that President Donald Trump would pull back his support in peace talks with Russia. US equity futures rallied Thursday on stronger-than- expected tech earnings and relief over signs the Trump administration is stepping back from its harshest tariff threats.

Docket
08:30 ET
US Weekly Jobless Claims
Initial Claims – Forecast: 224k, Prior: 222k, Range: 260k / 215k
Continued Claims – Forecast: 1.865M, Prior: 1.841M, Range: 1.9M / 1.84M

09:45 ET
US S&P Manufacturing PMI April Final
Forecast: 50.5, Prior: 50.7, Range: 50.7 / 49

10:00 ET
US ISM Manufacturing PMI for April
Forecast: 48,  Prior: 49, Range: 49.8 / 46.5

Earnings
16:00 ET
Amazon Q1 2025 Earnings
Est. EPS: $1.36
Est. Rev: $155.15B

16:30 ET
Apple Q2 2025 Earnings
Est. EPS: $1.62
Est. Rev: $94.43B

Good luck!