Morning Juice – US Session Prep (9th April)
Sentiment
A gauge of the US dollar’s strength rose, trimming part of Wednesday’s losses, as investors focused on the durability of the US-Iran ceasefire amid ongoing geopolitical risks.
Israeli strikes in Lebanon and the continued effective closure of the Strait of Hormuz threaten to undermine the truce. US Treasuries were little changed, outperforming European government bonds as markets remained cautious.
Docket
8:30 ET
PCE Price Index Data for February
YoY – Forecast: 2.8% | Prior: 2.8% | Range: 3.2% / 2.6%
MoM – Forecast: 0.4% | Prior: 0.3% | Range: 0.6% / 0.2%
Core MoM – Forecast: 0.4% | Prior: 0.4% | Range: 0.4% / 0.2%
Core YoY – Forecast: 3% | Prior: 3.1% | Range: 3.1% / 2.8%
US Consumer Spending MoM for February
Forecast: 0.6% | Prior: 0.4% | Range: 0.8% / 0.1%
US GDP QoQ Final for Q4
Forecast: 0.7% | Prior: 0.7% | Range: 0.9% / 0.3%
Weekly Jobless Claims
Initial – Forecast: 210K | Prior: 202K | Range: 220K / 199K
Continued – Forecast: 1.828M | Prior: 1.841M | Range: 1.85M / 1.815M
13:00 ET
US 30-Year Bond Auction
Prior High Yield – 4.871%
Prior Bid-to-Cover – 2.45
Speakers & Events
10:00 ET
IMF’s Managing Director Georgiva speaks
16:00 ET
Trump Cabinet Meeting on MAHA
Good luck!
