Morning Juice – US Session Prep (3rd June)

Sentiment
The dollar rose against all of its G10 peers, paring part of Monday’s decline, while US Treasuries rose. Focus is on Job Openings Data, which will give an insight into the health of the labor market ahead of NFP on Friday.

Donald Trump’s combative trade policies have tipped the world economy into a downturn clouded in heightened uncertainty, with the US among the hardest hit, the OECD said.

Stronger demand at Japan’s 10-Yr bond sale brought some temporary relief as traders position for another auction in less than 48 hours that will test appetite for longer-dated debt.

The inflation rate in Switzerland turned negative for the first time since early 2021, adding to pressure on policymakers to decrease borrowing costs later this month.

Docket
10:00 ET
US JOLTS Job Openings Forecast 7.1M Previous 7.192M Range 7.5M / 6.9M
US Factory Orders MoM Forecast -3.2%, Previous 4.3% Range -2% / -6.3%

Speakers & Events
SEC Chair Atkins Testifies (Tentative)

12:15 ET
SNB’s Tschudin Speaks

12:45 ET
Fed’s Goolsbee in moderated Q&A at Corridor Business Journal Mid-Year Economic Review. Text TBD Q&A Yes

13:00 ET
Fed’s Cook discusses eco outlook and mon pol at event hosted by Council of Foreign Relations. Text Yes Q&A yes

White House Spokeswoman Leavitt speaks

15:30 ET
Fed’s Logan opening remarks at Fed Listens event. Text Yes Q&A no