Morning, Traders!
It is Thursday the 11th of January, the day of the highly anticipated US inflation report for the month of December.
Here are some things to look out for today.
US CPI Prep Doc - READ HERE
Sentiment
As investors awaited key inflation data for clues about the timing of interest-rate cuts, US equities were set to extend this week's gains.
Cryptocurrency stocks rose in premarket trading after US regulators approved exchange-traded funds that invest directly in Bitcoin for the first time.
Demand for riskier assets remains strong, as expectations that the Federal Reserve will begin monetary easing as early as this spring outweigh concerns about elevated valuations and risks associated with Middle East tensions and trade disruption.
Analysts anticipate that data due on Thursday will show that core inflation in the United States, a measure of underlying price trends, continued to slow in December.
Docket
08:30 ET
US CPI for December
YoY - Median Forecast: 3.2% | Prior: 3.1% | Range: 3.6% / 3.1%
MoM - Median Forecast: 0.2% | Prior: 0.1% | Range: 0.4% / 0.1%
Core YoY - Median Forecast: 3.8% | Prior: 4% | Range: 4% / 3.7%
Core MoM - Median Forecast: 0.3% | Prior: 0.3% | Range: 0.3% / 0.1%
US Jobless Claims for the Week
Initial Claims - Median Forecast: 210K | Prior: 202K | Range: 220K / 190K
Continued Claims - Median Forecast: 1.87M | Prior: 1.855M | Range: 1.885M / 1.8M
11:30 ET
US sells $80 bln 4-Week Bills
13:00 ET
US sells $21 bln 30-Year Bonds
Good luck!