Morning Juice – US Session Prep

Good Morning Traders.
It is Friday the 25th of October. Here is what to look out for today.

Sentiment
US stock futures indicated gains at the Wall Street open, as investors overlooked a rise in borrowing prices that had dampened market confidence earlier in the week.

Contracts for the S&P 500 increased 0.2%, implying that the underlying gauge could recover from its first weekly decline in seven.
Treasury yields fell for a second day, leaving the 10-year note rate up around one-tenth of a percentage point this week.

Traders are looking to US economic data next week, notably a monthly payrolls report, for new signals on the scope of Fed interest rate decreases.
Some economists forecast a stock market gain if Donald Trump wins the November 5 presidential election in the US, while others fear that it may fuel inflation and limit the rate of Fed easing.

Docket
08:30 ET
US Durable Goods September Prelim
Median Forecast: -1%% | Prior: 0% | Range: 1.7% / -5.8%
US Core Durable Goods
Median Forecast: -0.1% | Prior: 0.5% | Range: 0.4% / -0.9%

Canadian Retail Sales for August
MoM – Median Forecast: 0.5% | Prior: 0.9% | Range: 0.9% / -0.4%
Core MoM – Median Forecast: 0.4% | Prior: 0.4% | Range: 0.6% / 0%

10:00 ET
University of Michigan Sentiment Survey October Final
Sentiment – Median Forecast: 69.1 | Prior: 68.9 | Range: 70.6 / 67
1-Year Inflation – Median Forecast: 2.9% | Prior: 2.9% | Range: 3% / 2.8%
5-Year Inflation – Median Forecast: 3% | Prior: 3% | Range: 3.1% / 2.9%

Speakers
11:00 ET
Fed’s Collins participates in a fireside chat at the Mass Black Expo hosted by the Black Economic Council of Massachusetts Boston Convention & Exhibition Center. Text and Q&A are not expected.

16:10 ET
ECB’s Villeroy speaks in DC.

Good luck, and have a good weekend!