Morning Juice – US Session Prep (2nd October)

Sentiment
The dollar prolonged losses after a reading of ADP Employment cemented expectations that the Fed will cut interest rates this month. Treasuries held the previous day’s gains, as the US government shutdown entered its 2nd day.

Tech shares pushed global indexes to fresh highs after an OpenAI share sale catapulted the firm to the world’s most valuable startup, strengthening optimism for AI.

(*) Data from the BEA, BLS, Census Bureau, and the US Department of Agriculture (USDA) may be delayed or postponed.

Docket
NOTE: US Government Data releases are postponed due to the government shutdown.

08:30 ET
US Weekly Jobless Claims
[Postponed]

10:00 ET
US Factory Orders for August
[Postponed]

Speakers
09:35 ET
ECB’s Maklhouf addresses the British and Irish Chamber.

10:30 ET
Fed’s Logan speaks in a moderated discussion at the University of Texas’ Evolving Energy and Policy Landscape Conference.

11:35 ET
SNB’s Schlegel speaks: ‘Introduction of John H. Cochrane’, Ninth Karl Brunner Distinguished Lecture, Zurich.

12:30 ET
ECB’s Villeroy speaks at the annual ESM conference in Luxembourg

13:00 ET
ECB Vice President de Guindos participates in a fireside chat at ESADE Business School in Madrid.

13:40 ET
BoC’s Mendes Speaks at Ivry Business School

14:30 ET
Fed’s Goolsbee Speaks on Fox Business

Good luck!