Morning, Traders!
It is Thursday, the 9th of November, here are some things to look out for today.
Sentiment
By 5:39 a.m. in New York, contracts tracking the S&P 500 were up 0.2%. If the index closes higher on the day, it will have gained for the ninth consecutive session, the longest streak since November 2004. Futures on the Nasdaq 100 were little changed. In pre-market trading, Walt Disney Co. gained 4% after profit beat estimates. Arm Holdings Pic sank 6% as its first earnings report since its initial public offering gave a disappointing sales forecast. Elsewhere, oil hovered near a three-month low after plunging almost 7% over the previous two sessions. The yield on 10-year Treasuries rose three basis points to 4.52%. Bitcoin rallied to an 18-month high. The dollar was on track for a fourth day of gains, the first since September, as traders awaited speeches from Federal Reserve Chair Jerome Powell and European Central Bank President Christine Lagarde.
Docket
08:30 ET
US Weekly Initial Jobless Claims
Median Forecast: 218K | Prior: 217K | 236K / 210K
11:30 ET
US sells $95 bln in 4-Week Bills at Auction
13:00 ET
US sells $24 bln in 30-Year Bonds at Auction
Speakers
09:30 ET
Atlanta Fed President Bostic and Richmond Fed President Barkin participate in a fireside chat at the Atlanta Fed's New Orleans branch about the importance of surveys and how the survey data inform their economic outlook and policy views.
Text: No. Q&A: Yes, with moderator and audience.
11:00 ET
Richmond President Barkin discusses the outlook for the US economy and Fed policy on the MNI webcast.
Registration required.
12:00 ET
St. Louis Fed Interim President Paese speaks about the economy and monetary policy at an event hosted by the Association for Corporate Growth Kentucky, Financial Executives International Louisville, and CFA Society Louisville.
Text: Yes. Q&A: Yes, with the moderator.
12:15 ET
SNB Vice President Schlegel Speaks in Basel
12:30 ET
ECB President Christine Lagarde appears at the inauguration of the House of the Euro in Brussels, Belgium.
14:00 ET
Fed Chair Powell participates in a panel discussion on monetary policy challenges in a global economy at the IMF's annual research conference.
Text: TBD. Q&A: Yes, with moderator.
Good luck!