Morning Juice – US Session Prep

Morning Traders
It is Thursday the 11th of April, here is what to look out for today.

Sentiment
US equity futures edged lower, indicating further losses on Wall Street as resilient inflation causes investors to lower their expectations for Federal Reserve interest rate cuts.
Contracts on the S&P 500 were 0.2% lower after the US benchmark fell 1% Wednesday as the consumer price index beat forecasts for the third consecutive month.

Docket
08:30 ET
US PPI for March
YoY – Median Forecast: 2.2% | Prior: 1.6% | Range: 2.4% / 1.8%
MoM – Median Forecast: 0.3% | Prior: 0.6% | Range: 0.5% / 0.0%
Core YoY – Median Forecast: 2.3% | Prior: 2.0% | Range: 2.4% / 2.0%
Core MoM – Median Forecast: 0.2% | Prior: 0.3% | Range: 0.3% / 0.0%

Weekly Initial Jobless Claims
Median Forecast: 215K | Prior: 221K | Range 231K / 208K

11:30 ET
US Sells $70 Bln 4-Week Bills

13:00 ET
US Sells $22 Bln 30-Year Bonds

Speakers
08:45 ET
ECB Press Conference with President Lagarde
Watch here

Fed President John Williams gives keynote remarks at the FHLBNY 2024 Member Symposium.
Text and Q&A are both expected.
Registration Closed, Event details here

10:00 ET
Richmond’s Fed Thomas Barkin takes audience questions from the National Council of Textile Organizations.
There will be a Q&A, and no new text is expected.
No livestream available.

11:00 ET
IMF’s Kristalina Georgieva discusses upcoming IMF- World Bank Spring Meetings at an event at the Atlantic Council in Washington D.C.
Watch here

12:00 ET
Boston’s Fed Susan Collins speaks at the Economic Club of New York.
Text and Q&A are both expected.
Event Details Here

12:30 ET
Bank of England’s Greene speaks on a panel at the Delphi Economic Forum in Greece about “lessons learnt from the last economic crisis”.
Watch here

13:30 ET
Atlanta’s Fed Bostic participates in a moderated conversation on leadership in financial services.
There is no text expected, but there will be a Q&A.
No livestream available. Event details here

Good Luck!