Morning, Traders!
It is Thursday the 4th of January, here are some things to look out for today.
Sentiment
US stock futures hold slight gains; S&P 500 futures ticked 0.1% higher as of 5:30 a.m. in New York this morning; the tech-heavy Nasdaq 100 Index gained 0.2% after a four-day straight drop, which had not been seen since October; short-term rates for container shipping between Asia, Europe, and the US are climbing on reduced capacity caused by the ongoing threats to cargo vessels in the Red Sea. Treasuries twist steepen, outperforming bunds, gilts as a result of revised higher German and UK PMI numbers; the dollar falls, ending a four-day run of advances.
Docket
08:15 ET
US ADP Employment Change for December
Median Forecast: 125K | Prior: 103K | Range: 175K / 60K
08:30 ET
US Weekly Jobless Claims
Initial Claims - Median Forecast: 216K | Prior: 218K | Range: 230K / 204K
Continuing Claims - Median Forecast: 1.88M | Prior: 1.875M | Range: 1.902M / 1.865M
09:45 ET
US S&P Services PMI December Final
Median Forecast: 51.3 | Prior: 51.3 | Range: 51.5 / 49.8
11:00 ET
Weekly EIA Crude Oil Inventories
Median Forecast: -3M | Prior: -7.114M | Range: -1.3M / -6.83M
11:30 ET
US sells $80 bln 4-Week Bills
Good luck!