Morning Juice – US Session Prep (30th September)

Sentiment
Stocks and the dollar slipped as the rising risk of a US government shutdown weighed on most asset classes. Gold’s record-breaking rally came to a halt. The US is hurtling toward a government shutdown, with Democrats and Republicans seemingly no closer to agreeing on a plan to fund federal operations and both sides blaming each other for the stalemate. Another US government shutdown is a clear risk for the dollar. During the three most recent episodes – in 2013, early 2018 and late 2018 into 2019 – the Bloomberg Dollar Spot Index drifted lower both during the impasse and in the immediate aftermath. Australia’s central bank kept its key interest rate unchanged in a widely anticipated decision, while warning that third-quarter inflation may come in stronger than expected, prompting traders to pare bets on near-term policy easing.

Docket
10:00 ET
US CB Consumer Confidence for September
Forecast: 96 | Prior: 97.47 | Range: 99 / 92

10:00 ET
US JOLTS Job Openings for August
Forecast: 7.2M / Prior: 7.181M | Range: 7.369M / 7M

Speakers
08:50 ET
ECB’s President Lagarde gives keynote speech at 4th Bank of Finland’s International Monetary Policy Conference in Helsinki, Finland.
The text will be made available on the ECB’s website.

09:00 ET
Fed’s Collins makes remarks at the Council on Foreign Relations’ C. Peter McColough Series on International Economics in New York City. Collins’ remarks will be followed by a moderated Q&A with CNBC’s Seema Mody.
Text and Q&A are expected.

09:25 ET
BoE’s Mann speaks in a fireside chat at the Financial Times Future of Financial Intelligence conference.

11:30 ET
BoE’s Breeden delivers a speech on the monetary policy outlook at Cardiff Business School.

13:00 ET
ECB’s Nagel speaks in London

13:30 ET
Fed’s Goolsbee will participate in a Q&A at the Federal Reserve Bank of Chicago’s 2025 Midwest Agriculture Conference in Chicago, Illinois.
The discussion will be moderated by FOX Business Network’s Edward Lawrence.

Earnings
Nike Q1 2026 Earnings
Est. EPS: $0.28
Est. Rev: $11.02B

Good luck!