Morning Juice – US Session Prep (21st April)

Sentiment
Stocks gained on good corporate profits, as traders waited to see if Iran would join discussions to restore Middle Eastern oil exports. The Dollar rose, as Treasuries fluctuated ahead of Kevin Warsh’s Senate hearing.

S&P 500 futures rose 0.3%. Brent fell below $95 a barrel after Trump said negotiations between the US and Iran might begin as early as Tuesday.
UnitedHealth gained more than 6% in early trading on a first-quarter profit beat. General Electric also outperformed expectations.

All eyes are on the Middle East as Trump indicated that he is unlikely to extend a two-week ceasefire in a conflict that has upended global oil markets.
Tehran has yet to confirm its participation in the Islamabad negotiations, with Trump threatening to hit the Islamic Republic’s electrical grid if diplomacy fails.

Apple dipped in early trading after the iPhone maker chose a replacement for CEO Tim Cook. The yield on benchmark 10-year Treasuries remained unchanged at 4.25%, while the rate on their two-year counterparts rose 1 bps to 3.74%.

Docket
08:30 ET
US Retail Sales MoM for March
Forecast: 1.4% | Prior: 0.6% | Range: 2.1% / 0.7%

Speakers & Events
08:30 ET 
Trump participates in a Live Phone Interview with Joe Kernen, Squawk Box, CNBC

10:00 ET
Kevin Warsh Fed Chair Confirmation Hearing at the Senate

12:15 ET
SNB’s Tschudin speaks in Thurgau

14:30 ET
Fed’s Waller speaks on modernising reserve bank operations at the Brookings Institution
Text and Q&A are expected with a moderator

16:00 ET
Trump delivers Remarks to NCAA Collegiate National Champions

Good Luck!