Morning Juice – US Session Prep
Morning, Traders!
It is Monday the 29th of July, and today we have a quiet start to a week that holds the big 3 US monthly employment reports, which are key in the eyes of the FOMC to determine the future path of monetary policy, as well as the US Interest rate decision later in the week.
Here are some things to look out for today.
Sentiment
US stock futures rose on the back of equity gains in Europe and Asia, indicating increased optimism ahead of major central bank decisions and big tech earnings this week.
The Nasdaq 100 and S&P 500 indexes are poised to extend their recovery for a second day following last week’s tech-fueled slump.
Treasury yields fell, and the dollar edged higher against a basket of currencies.
Europe’s benchmark stock index rose.
In the coming days, investors will focus on monetary policy decisions in the United States, Japan, and the United Kingdom. Traders will be looking for answers about the near-term path of interest rates, after markets were thrown off by conflicting signals from key economies.
This week’s focus will also be on earnings from Apple, Amazon, and Microsoft, following an underwhelming start to the reporting season for tech megacap companies.
Docket
11:30 ET
US sells $76 bln 3-Month Bills
US sells $70 bln 6-Month Bills
Good luck!