Morning Juice – US Session Prep (14th October)

Sentiment
China sanctioned the US units of a South Korean shipping giant and threatened further retaliatory measures on the industry, the latest in a series of tit-for-tat moves as Beijing and Washington jockey for leverage before expected trade talks. A record oversupply of oil will be bigger than previously estimated and the excess is already starting to build up on ocean going tankers, the International Energy Agency said. Sebastien Lecornu will address parliament for the first time as France’s prime minister on Tuesday, a make-or-break moment for his fledgling government in its effort to pass a budget and restore a degree of political stability. UK unemployment unexpectedly rose and wage growth slowed more than forecast in new data on Tuesday, prompting traders to add to bets on further rate cuts from the Bank of England.

Docket
8:30 ET
Canadian Building Permits MoM
Forecast: -1% | Prior: -0.1% | Range: 1.3% / -1%

09:00 ET
IMF World Economic Outlook

10:15 ET
IMF Global Financial Stability Report

11:30 ET
US 6-Month Bill Auction
US 3-Month Bill Auction

Speakers & Events

8:45 ET
Fed’s Bowman speaks in conversation with IIF President Tim Adams at the Ronald Reagan and International Trade Centre in Washington DC
No Text but Q&A with moderator is expected

09:00 ET
IMF WEO Press Conference

09:45 ET
ECB’s Donnery Speaks

10:15 ET
IMF GFS Press Conference

11:40 ET
ECB’s Kocher speaks at the Bloomberg Global Regulatory Forum

12:15 ET
ECB’s Villeroy speaks at the Bloomberg Global Regulatory Forum

12:20 ET
Fed’s Chair Powell delivers a keynote address at the NABE Annual Meeting
Text and Q&A is expected with a moderator

13:00 ET
BoE’s Gov. Bailey speaks in a fireside chat with Tim Adams at the Institute of International Finance’s 2025 annual meeting in Washington

15:25 ET
Fed’s Waller speaks at a panel with IIF’s Jessica Reiner and Visa’s Oliver Jenkyn at the Ronald Reagan Building and International Trade Centre in Washington DC
No Text but Q&A with a moderator is expected

15:30 ET
Fed’s Collins speaks at the Greater Boston Chamber of Commerce which is then followed by a conversion with Boston Fed Board member Kimberly Sherman Stamler
Text and Q&A is expected with a moderator

Good Luck!