Morning, Traders!
Today is Thursday the 22nd of November, and as we edge closer to Christmas, we get the quarterly GDP and weekly Jobless claims number in the stocking this morning
Here are some of the things to keep in mind ahead of this session
Sentiment
This morning, US equity futures faltered, struggling to hold the momentum that propelled the S&P 500 to its best daily gain in three weeks, as investors assessed whether the world’s biggest economy can skirt worst-case recession scenarios.
After Wednesday's 1.5% increase for the underlying indexes due to data showing consumer confidence at an eight-month high and a further drop in inflation forecasts, futures contracts on the S&P 500 and the NASDAQ 100 index flatlined.
The yen resumed its rise this morning while the dollar slipped against a group of currency peers, headed for the third month of losses.
Docket
8:30 AM ET
US GDP QoQ 3Q Final - Median Forecast: 2.9% | Range: 3.6% / 1.6% | Prior: 2.9%
US Weekly Initial Jobless Claims - Median Forecast: 222k | Range: 240K / 210K | Prior: 211k
11:30 AM ET
US sells $45 bln 4-Week Bills
1:00 PM ET
US sells $19 bln 5 Yr TIPS
Good luck!
