German data, mortgages on calendar
David Russell | [email protected]
The report that's likely to affect sentiment most strongly is German factory orders, which will be issued in the early morning hours. A strong reading could lift sentiment toward the global economy, while a weaker one could trigger selling.
The Mortgage Bankers Association will release data on weekly loan applications at 7 a.m. ET, which could move homebuilder stocks. Energy prices may also be active at 10:30 a.m. ET when the government reports weekly changes in crude-oil inventories.
Tomorrow's calendar includes January same-store sales from retailers, jobless claims, and European interest-rate announcements.