Morning Juice – US Session Prep (15th September)

Sentiment
The dollar declined as investors prepared for a Fed meeting later this week that is widely anticipated to kick off a series of rate cuts. Treasuries were little changed. Equities began the week on an upbeat note.

French bonds underperformed their southern European peers on Monday as a credit downgrade by Fitch Ratings highlighted the market impact of the political turmoil facing President Macron.

Morgan Stanley strategists continue to lean toward their bull case for the S&P 500 to rally to 7,200 points by mid next year, underpinned by a rebound in earnings and easing policy uncertainty.

Docket
08:30 ET
NY Fed Manufacturing for September
Forecast: 5 | Prior: 11.9 | Range: 9.9 / -6

Speakers
09:30 ET
ECB’s Kocher Speaks

14:00 ET
Trump Speaks

14:10 ET
ECB President Lagarde participates in ‘Conversations pour demain’ on the occasion of the 25th anniversary of Institut Montaigne in Paris.
The text will be made available on the ECB’s website.

16:00 ET
Trump signs a Presidential Memorandum

Good luck!