Chinese numbers lead calendar
David Russell | firstname.lastname@example.org
Today's main economic event occurred during the overnight session when China reported industrial production and retail sales.
The only other item on the calendar was Italian gross domestic product, also released early in the morning.
Both events have the potential to add to recent sentiment that the global economy is improving. Their impact could be felt most strongly in materials stocks and funds that track overseas assets such as the iShares MSCI Emerging Markets (EEM) emerging-markets fund.
In addition to the headlines, attention will focus on the possibility of military conflict with Syria. President Obama is scheduled to address the country in favor of an attack tonight, followed by a possible Senate vote on the matter as early as tomorrow. So far, the political tide and public opinion have turned against war.
The next busy day for economic news is Thursday, featuring European industrial production and initial jobless claims. Friday brings retail sales and consumer sentiment.
Futures inch higher after key data
February 26, 2015
S&P 500 futures are up about 0.1 percent ahead of key economic reports, while European markets gained about 0.3 percent on the heels of confidence numbers. Asia was strong overnight.
Durable goods lead today's docket
February 26, 2015
The Commerce Department will announce the numbers for January at 8:30 a.m. ET. Economists expect an increase of 1.7 percent overall and 0.5 percent excluding transportation equipment.
Stocks holding in range near highs
February 25, 2015
S&P 500 futures are off 0.1 percent, and most of Europe is down slightly more. Oil and currencies associated with global growth are trying to rebound on strong Chinese manufacturing numbers.
Stocks in holding pattern pre-Yellen
February 24, 2015
Stocks remain near all-time highs as investors prepare for testimony by Federal Reserve Chair Janet Yellen later this morning.