Morning Juice – US Session Prep (3rd September)

Sentiment
Treasuries declined, as ongoing worries about US deficits and monetary policy sent the 30-Yr yield to its highest in more than a month. The dollar fell, erasing earlier gains. Investors look to US data on factory orders, durable goods and jobs.

USD/JPY climbed 0.1% to 148.44, after reaching a 1-month high of 149.14 amidst the political upheaval in Japan on Tuesday.

Equities staged a small rebound after days of losses as Alphabet uplifted tech, while a bruising bond rout showed signs of easing. Gold hit a fresh all-time high.

Britain’s budget woes are ripping through UK markets again as investors grow ever more cautious of the government’s ability to maintain its financial house in order without hampering the economy.

Docket
10:00 ET
US JOLTS Job Openings for July
Forecast: 7.382M | Prior: 7.437M | Range: 7.775M / 7.1M

US Factory Orders MoM for July
Forecast: -1.3% | Prior: -4.8% | Range: 0.1% / -2.1%

14:00 ET
Fed Beige Book

Speakers
9:00 ET
Fed’s Musalem speaks at the Peterson Institute on the subject of the economy and Monetary policy
Text and Q&A expected

9:15 ET
BoE MPC Members speak in Treasury Committee

11:00 ET
Trump greets Poland’s President

11:20 ET
Trump participates in a Bilateral Meeting with Poland’s President

11:50 ET
Trump participates in a Bilateral Lunch with Poland’s President

13.30 ET
Fed’s Kashkari speaks at a fireside chat hosted by the Minnesota Women’s Economic Roundtable
Text and Q&A expected

Good Luck!