Morning Juice – US Session Prep (20th October)

Good Morning Traders.
It is Monday the 20th of October. Here is what to look out for today.

Sentiment
Stocks resumed gains on Monday as signs of easing trade frictions helped boost sentiment after volatility tied to concerns about US regional lenders President Donald Trump listed rare earths, fentanyl and soybeans as the US’s top issues with China just before the two sides return to the negotiating table and as a fragile trade truce nears expiration. French bonds declined after S&P Global Ratings downgraded its sovereign credit score, an unscheduled move that highlights the nation’s fiscal woes and places its debt at risk of forced selling by some funds. A relentless surge in the price of gold is delivering windfalls across emerging markets, boosting investor confidence in countries that mine and buy the metal. Dollar-yen’s record gap is narrowing, but traders are still torn between riding the move and chasing the carry.

Docket
08:30 ET
Canadian PPI MoM
Forecast: 0.2% | Prior: 0.5% | Range: 0.5% / 0%

11:30 ET
The US Sells $86 Bln in 3-Month Bills at Auction
The US Sells $77 Bln in 6-Month Bills at Auction

Speakers
15:00 ET
ECB’s Nagel & ECB’s Vujcic participate in a round-table discussion “How Policymakers Around the World View US Economic Policies.”