Good Morning, Traders!
It is Thursday the 2nd of November, here is what to expect today.
Sentiment
Treasuries flatten as the short end pares some of Wednesday's gains, the dollar underperforms Group-of-10 peers, and stock futures rally in response to Fed Chair Powell's dovish pivot.
The focus will be on US economic data, including jobless claims, as well as a speech by Fed's Pease, a non-voter, following the close.
After deferring interest rate hikes for the second consecutive policy meeting, Federal Reserve Chair Jerome Powell hinted that the US central bank may have completed the most aggressive tightening cycle in four decades.
The selloff in US debt appears to be nearing an end as the Federal Reserve prepares to complete its most aggressive rate hikes in a generation, according to analysts.
Docket
08:30 ET
Weekly jobless Claims Data
Initial - Median Forecast: 210K | Prior: 210K | Range: 224K / 200K
Continued - Median Forecast: 1.8M | Prior: 1.79M | Range: 1.815M / 1.772M
10:00 ET
US Factory Order MoM for September
Median Forecast: 2.3% | Prior: 1.2% | Range: 4.5% / 0.8%
11:30 ET
US Sells $95 Bln in 4-Week Bills at Auction
Speakers
13:00 ET
SNB's Jordan participates in a public panel discussion.
Earnings
16:30 ET
Apple Q4 2023 Earnings
Est. EPS $1.39
Est. Rev $89.35 bln
Good luck!
