Morning Juice – US Session Prep (29th December)

Sentiment
US equity futures softened as investors reduced risk ahead of the final week of 2025, with technology megacaps leading declines. S&P 500 futures fell 0.2%, while Nasdaq 100 contracts dropped 0.4%, dragged lower by losses of more than 1% in Tesla and Nvidia in premarket trading. European equities were little changed, with the Stoxx 600 flat as renewed talks on a Ukraine peace settlement failed to deliver progress, keeping broader risk appetite in check.

Commodities were volatile. Silver reversed lower after recently surging past $80 per ounce, a move driven by speculative flows and mounting concerns over tight supply, while gold slid more than 1%. Copper climbed toward $13,000 per tonne, supported by geopolitical tensions and supply risks. Oil prices edged higher after US-led diplomatic efforts stalled and China pledged to support economic growth next year, though Brent remains on track for a fifth consecutive monthly decline, its longest losing streak in more than two years.

Docket
10:30 ET
US Weekly EIA Crude Oil Inventories
Forecast: -2M | Prior: -1.274M | Range: -1M / -3M

Speakers
13:00 ET
Trump & Israel’s PM Netanyahu hold a bilateral meeting.

Good luck!