Morning Juice – US Session Prep

Morning, Traders!
It is Thursday the 12th of September, here are some things to look out for today.

Sentiment
Following a Wall Street stock market rally on Wednesday, led by the biggest technological companies in the world, risk appetite has returned.
It was the biggest increase in over a month for the MSCI Asia Pacific Index.
The European Stoxx 600 index had a 1% increase lead by ASML, a Dutch manufacturer of semiconductor equipment.

S&P 500 futures began to advance as investors got ready for the producer price index, which is expected to indicate a modest increase in wholesale prices and serves as the second indicator of US inflation this week.
Treasuries rates increased a little.

The consumer price index on Wednesday supported the Federal Reserve’s cautious approach.
Instead of placing bets on a half-point rate decrease, swap traders have fully priced in a quarter-point reduction during the Fed’s policy announcement next week.

Docket
08:30 ET
US PPI for August
YoY – Median Forecast: 1.7% | Prior: 2.2% | Range: 1.9% / 1.4%
MoM – Median Forecast:  0.1% | Prior: 0.1% | Range: 0.3% / -0.2%
Core YoY – Median Forecast: 2.4% | Prior: 2.4% | Range: 2.5% / 2.4%
Core MoM – Median Forecast: 0.2% | Prior: 0% | Range: 0.3% / 0.1%

US Weekly Jobless Claims
Initial Claims – Median Forecast: 227k | Prior: 227k | Range: 235k / 222k
Continued Claims – Median Forecast: 1.85M | Prior: 1.838M | Range: 1.87M / 1.84M

11:30 ET
US sells $80 bln 4-Week Bills

13:00 ET
US sells $22 bln 30-Year Bonds

Speakers
08:45 ET
ECB Press Conference with President Lagarde following the ECB rate decision.

10:25 ET
SNB’s Chairman Jordan Speaks

Good luck!