Morning Juice – US Session Prep

Good Morning Traders
It is Friday the 20th of September. Here is what to look out for today.

Sentiment
S&P 500 futures edged lower, taking a breather a day after the Federal Reserve’s bold interest-rate cut sent the underlying gauge to a fresh record high. Futures on the S&P 500 were down by 0.2%, while those tracking the Nasdaq 100 declined over 0.3%. Futures tied to the Dow Jones Industrial Average were little-changed. The biggest tech stocks led the market’s risk-on rally on Thursday after the Fed started its rate-cut cycle with a 50-basis-point reduction, raising hopes that the US economy could avoid slipping into a recession. Subdued jobless claims data signaled resilience in the labor market.

Docket
08:30 ET
Canadian Retail Sales for July
MoM – Median Forecast: 0.6% | Prior: -0.3% | Range: 0.8% / -0.9%
Core MoM – Median Forecast: 0.3% | Prior: 0.3% | Range: 0.7% / -1.8%

10:00 ET
Eurozone Consumer Sentiment September Prelim
Median Forecast: -13.2 | Prior: -13.5 | Range: -12 / -14.5

Speakers
11:00 ET
ECB’s Lagarde gives a lecture at an IMF event.

14:00 ET
Fed’s Harker gives a lecture on the Federal Reserve to the Tulane University Freeman School of Business. Text and Q&A expected.

Good luck!