Morning Juice – US Session Prep (25th November)
Sentiment
The dollar declined as traders looked ahead to US data on PPI and consumer demand to firm up bets on the Fed’s rate cut next month. Most Treasuries were slightly lower.
Ukraine agrees to terms of peace deal, according to a US official to ABC News. The Dollar declined further, with WTI and gold following suit.
US equity futures are indicating a mild pullback on Wall Street, with Nvidia coming under pressure and Alphabet gaining momentum in the race to supply AI chips.
Docket
08:30 ET
US PPI for September
YoY – Forecast: 2.6% | Prior: 2.6% | Range: 3.4% / 2.5%
MoM – Forecast: 0.3% | Prior: -0.1% | Range: 0.6% / -0.1%
Core YoY – Forecast: 2.7% | Prior: 2.8% | Range: 3.6% / 2.4%
Core MoM – Forecast: 0.2% | Prior: -0.1% | Range: 0.4% / -0.1%
US Retail Sales for September
MoM – Forecast: 0.4% | Prior: 0.6% | Range: 1% / 0%
10:00 ET
US CB Consumer Confidence for November
Forecast: 93.3 | Prior: 94.6 | Range: 96 / 91
Speakers
09:00 ET
ECB’s Cipollone gives keynote address at ‘Tokenisation’ session of Financial System Conference 2025 in Dublin.
Slides will be made available on the ECB’s website.
12:00 ET
Trump pardons a turkey
Good luck!
