Morning Juice – US Session Prep (15th October)

Sentiment
The amount of time that senior UK bankers must now wait before receiving their bonus deferral period is being cut in half to four years, part of a push by regulators to boost the City of London’s competitiveness. LVMH shares rose the most in almost a quarter century after the owner of Louis Vuitton and Christian Dior unexpectedly returned to sales growth, suggesting a slump in luxury demand is easing. ASML shares rose after it said the artificial intelligence boom is fueling demand for its cutting-edge chip­making machines. Less than a year ago, Yuichiro Tamaki was fighting to retain the leadership of his own opposition party amid reports of an extramarital affair. Now, the 56-year-old athletics fan is in the running to lead the nation, with the identity of the next administration largely in his grasp.

Docket
8:30 ET
Canadian Manufacturing Sales MoM for August
Forecast: -1.5% | Prior: 2.5% | Range: -0.6% / -2%
Canadian Wholesale Sales MoM for August
Forecast: -1.3% | Prior: 1.2% | Range: -1.3% / -1.3%
NY Fed Manufacturing for October
Forecast: -1.8 | Prior: -8.7 | Range: 3 / -5.5

08:45 ET
IMF Fiscal Monitor Report

Speakers & Events
09:30 ET
Fed’s Miran speaks at CNBC’s Invest in America Forum, in a talk titled “The Game Plan and The Fed”

09:45 ET
ECB’s Rehn speaks at the 2025 IIF Annual Membership Meeting in Washington 

11:45 ET
BoE’s Breeden speaks on a panel about financial regulation at the IFF Annual Membership Meeting in Washington

11:50 ET
ECB’s Villeroy speaks at the 2025 IIF Annual Membership Meeting in Washington

12:30 ET
Fed’s Miran speaks in a conversation at Nomura Research Forum at Hotel Washington
No Text. There is a Q&A with a moderator

13:00 ET
Fed’s Waller speaks on AI as part of the 2025 DC Fintech Week in Washington
Text and Q&A with a moderator is expected

14:00 ET
BoE’s Breeden speaks on a panel at the Fintech Foundation 2025 DC Fintech Week in Washington
Text is expected to be released at 11 AM ET
ECB’s de Guindos Speaks in Madrid

14:30 ET
Fed’s Schmid speaks at a public town hall event in Omaha
No Text. There is a Q&A with an audience expected

15:45 ET
RBA’s Bullock speaks in a fireside chat at the Nomura Research in Washington