Morning Juice – US Session Prep (18th December)

Sentiment
Treasuries advanced as investors positioned for US CPI data due later in the day, a release that may help shape expectations for the pace of interest-rate cuts in the months ahead. The dollar was little changed.

Germany plans to boost federal debt issuance by about one fifth next year to a record €512 billion, or roughly $601 billion, as it funds a spending push aimed at repairing aging infrastructure and modernizing its armed forces.

Docket
08:30 ET
US CPI for November
YoY – Forecast: 3.1%, Previous 3% | Range: 3.2% / 2.8%
Core YoY – Forecast: 3%, Previous 3% | Range: 3.2% / 2.8%
MoM – Forecast 0.3%, Previous 0.3% | Range: 0.4% / 0.1%
Core MoM – Forecast 0.3%, Previous 0.2% | Range: 0.3% / 0.1%
[BLS will not release October CPI]

US Weekly Jobless Claims
Initial Claims – Forecast: 225k | Prior: 236k | Range: 235k / 197k
Continued Claims – Forecast: 1.922M | Prior: 1.838M | Range: 1.96M / 1.798M

13:00 ET
US sells $24 bln 5-Year TIPS

Speakers
08:45 ET
ECB Press Conference with President Lagarde following the ECB Rate Decision.

13:30 ET
Trump Signs Executive Order

16:15 ET
Trump participates in a Christmas Reception

Earnings
16:00 ET
FedEx Q2 2026 Earnings
Est. EPS: $4.10
Est. Rev: $22.8B

16:15 ET
Nike Q2 2026 Earnings
Est. EPS: $0.38
Est. Rev: $12.21B

Good luck!