Morning Juice – US Session Prep (12th December)

Sentiment
On a day when global indexes were aiming for new highs, U.S. stock futures were held back again by weakness in technology shares. Nasdaq 100 contracts were set to fall 0.5% at the open, with Broadcom down more than 5% in premarket trading after issuing a sales forecast that missed lofty expectations. S&P 500 futures slipped 0.1% after the index hit a record close the previous session, while U.S. blue-chip and small-cap gauges looked poised to extend their climb to new highs. The diverging performance underscores the broadening of a rally that has the U.S. benchmark on track for a third straight year of gains. For many investors, confirmation this week that the Fed’s interest-rate-cutting cycle remains intact has helped clear the way for a potential year-end rally.

Europe’s Stoxx 600 rose as much as 0.5% to a fresh high, and Asia’s main equity index traded less than 2% below its own record. In commodities, gold advanced for a fourth day and silver extended its all-time high, while oil rebounded from its lowest close in more than two months.

Docket
No noteworthy Economic Indicators

Speakers
08:00 ET
Fed’s Paulson speaks on the economic outlook at the Delaware State Chamber of Commerce
Text: Yes, Q&A: Yes, from the audience

08:30 ET
Fed’s Hammack speaks at the University of Cincinnati Real Estate Center Roundtable Series.
Text: no; Q&A: yes

10:35 ET
Fed’s Goolsbee speaks at the Chicago Fed Annual Economic Outlook Symposium.
Text: no; Q&A: yes, moderator

13:30 ET
Trump participates in a Swearing-In Ceremony for the CEO of the US International Development Finance Corporation and Chairman of EXIM Bank

15:00 ET
Trump participates in a Bill Signing Ceremony

Good luck, and have a good weekend!