Morning Juice – US Session Prep

Good Morning,Traders!
It is Friday the 18th of October. Here is what to look out for today.

Sentiment
US stock futures rose as a recovery in Big Tech appeared to continue Friday, thanks to Netflix results that exceeded Wall Street’s expectations.

Contracts on the tech-heavy Nasdaq 100 rose as Netflix surged 6% in US premarket trading. The streaming service outperformed expectations in key metrics, including subscriber growth in the third quarter.

Treasuries recovered from heavy selling after a slew of strong US economic data on Thursday recast expectations for interest-rate cuts. Stronger-than-expected retail sales demonstrated how consumer spending continues to drive the American economy.

Docket
08:30 ET
US Housing Starts for September
Median Forecast: 1.35M | Prior: 1.356M | Range: 1.46M / 1.25M

US Building Permits for September
Median Forecast: 1.46M | Prior: 1.47M | Range: 1.5M / 1.4M

Speakers
09:30 ET
Fed’s Bostic gives a presentation to high school students as part of the Mississippi Council on Economic Education event titled: Economic education and the Fed.

10:00 ET
Fed’s Kashkari moderates panel on Banking, Regulation, and Macroeconomic Outcomes

12:10 ET
Fed’s Waller speaks at the Nineteenth Annual Vienna Macroeconomics Workshop on Decentralized Finance Institute for Advanced Studies.
Text is expected.

12:30 ET
Fed’s Bostic gives remarks and moderated conversation at the Mississippi Council on Economic Education Forum on American Enterprise luncheon on the economic outlook and the importance of financial literacy and economic education.

Good luck, and have a good weekend!