Morning Juice – US Session Prep

Good Morning Traders!
It is Thursday the 20th of June. Here is what to look out for today.

Sentiment
Global stocks rose this morning, as Switzerland’s interest rate cut raised hopes for policy easing across the developed world.

US futures contracts rose, indicating new record highs when Wall Street reopens following a public holiday.
France’s Cac 40 also rose after a government bond auction, the first since last week’s surprise snap election announcement, drew strong investor interest.

Docket
08:30 ET
US Weekly Jobless Claims
Initial Claims – Median Forecast: 235K | Prior: 242K | Range: 244K / 225K
Continued Claims – Median Forecast: 1.81M | Prior: 1.82M | Range: 1.83M / 1.79M

US Housing Starts
Median Forecast: 1.37M | Prior: 1.36M | Range: 1.425M / 1.265M
US Building Permits
Median Forecast: 1.45M | Prior: 1.44M | Range: 1.5M / 1.375M

US Philly Fed Business Index
Median Forecast: 5 | Prior: 4.5 | Range: 11 / -5

11:00 ET
Weekly EIA Crude Oil Inventories
Median Forecast: -2.8M | Prior: 3.73M | Range: 3.729M / -4.8M

11:30 ET
The US Sells $70 bln in 4 Week Bills at Auction

13:00 ET
The US Sells $21 bln in 5 Year Tips at Auction

Speakers
08:45 ET
Fed’s Kashkari participates in a fireside chat at the Michigan Bankers Association Annual Conference. No text is expected but there will be a Q&A.

16:00 ET
Fed’s Barkin speaks on the economic outlook to the Richmond chapter Risk Management Association. No text is expected but there will be a Q&A.