Morning, Traders!
It is Monday the 8th of January, here are some things to look out for today.
Sentiment
US stock futures moved lower this morning, while Treasuries remained firm as traders adjusted their wagers following last week's selloff.
Markets are looking for direction after disappointing US economic data on Friday capped a week in which global equities fell the most since October on anticipation the Federal Reserve will not cut interest rates soon. Further catalysts may come from the US inflation report due Thursday and the earnings season, which begins Friday with US banking names.
Docket
11:00 ET
NY Fed 1-Year Inflation Expectations
Prior: 3.36%
11:30 ET
US Sells $75 bln in 3-Month Bills at auction
US Sells $68 bln in 6-Month Bills at auction
15:00 ET
US Consumer Credit for November
Median Forecast: $9 bln | Prior: $5.134 bln | Range: $15 bln / $2.2 bln
Speakers
12:30 ET
Atlanta Fed President Raphael Bostic speaks to the Atlanta Rotary Club about the 2024 economic outlook.
Text: No.
Q&A: Yes, with moderator, audience and media.
Livestream: No.
Good luck!
