Morning Juice – US Session Prep (12th March)

Sentiment
Stocks slumped as oil prices continued to rise, with Iran intensifying attacks on neighbouring countries and causing widespread disruptions to crude exports. A global bond index reversed its 2026 gains.
S&P 500 futures fell 0.4%. Brent briefly rose beyond $100 per barrel after Iraq halted oil terminal activity following an attack on two ships. Oman temporarily evacuated a crucial export hub, while Iran launched strikes against targets in Dubai and Kuwait. The dollar and gold were largely unchanged.
The Middle East war is causing the most significant disruption in oil markets in history, affecting 7.5% of world supply and an even higher share of exports, according to the International Energy Agency.

Docket
08:30 ET
US Weekly Jobless Claims
Initial Claims – Forecast: 215k | Prior: 213k | Range: 230k / 200k
Continued Claims – Forecast: 1.85M | Prior: 1.868M | Range: 1.88M / 1.833M

08:30 ET
US Trade Balance for January
Forecast: -$66B | Prior: -$70.3B | Range: -$51.9B / -$80B

13:00 ET
US sells $22 bln 30-Year Bonds
Prior High Yield: 4.75%
Prior Bid-to-cover: 2.66

Speakers
10:00 ET
Trump Recieves an intelligence briefing
[Closed Press]

11:00 ET
Fed’s Bowman speaks on Basel III and bank capital rules at the Cato Institute.
Text: Yes. Q&A: Yes, moderator.

12:25 ET 
ECB’s Villeroy speaks on “Financial Stability in an Era of Expanding Private Markets.”

13:30 ET
Trump participates in a policy meeting
[Closed Press]

15:15 ET
Trump participates in a policy meeting
[Closed Press Event]

16:00 ET
Trump and First Lady participate in a Women’s History Month Event
Pre-credited Media

Good luck!