Morning Juice – US Session Prep (10th April)
Sentiment
Following a seven-day rise, US markets wavered as investors watched talks between the US and Iran for signs that a fragile truce could hold. Oil was expected to experience its steepest weekly drop in nine months.
Equity futures were steady, with the underlying S&P 500 index set for its largest weekly gain in over a year. Europe’s Stoxx 600 increased 0.8% as Ukraine’s main negotiator with Russia voiced hope about peace talks. Brent crude remained stable at around $96 per barrel.
Traders are waiting to see if Tuesday’s two-week ceasefire agreement, which sent markets soaring and oil prices plummeting, can be translated into long-term peace.Trump said he was “optimistic,” despite threatening Tehran with tolls in the Strait of Hormuz, where traffic hasn’t improved significantly since the truce began.
Docket
8:30 ET
US CPI Data for March
CPI YoY – Forecast: 3.4% | Prior: 2.4% | Range: 3.8% / 3%
CPI MoM – Forecast: 0.9% | Prior: 0.3% | Range: 1.5% / 0.6%
Core CPI MoM – Forecast: 0.3% | Prior: 0.2% | Range: 0.4% / 0.2%
Core CPI YoY – Forecast: 2.7% | Prior: 2.5% | Range: 2.8% / 2.5%
Canadian Data for March
Unemployment Rate – Forecast: 6.7% | Prior: 6.7% | Range: 6.9% / 6.6%
Employment Change – Forecast: 14.95K | Prior: -83.9K | Range: 40K / -30K
10:00 ET
US Factory Orders MoM for February – Forecast: -0.2% | Prior: 0.1% | Range: 0.6% / -2.8%
University Michigan Sentiment Prelim for April – Forecast: 51.5 | Prior: 53.3 | Range: 54 / 45.8
Speakers & Events
8:00 ET
Trump speaks in executive time (Open Press)
12:00 ET
Fed’s Barkin speaks before the 2026 CDI Citadel Directors Institute
Good Luck!
