Wide range of events on calendar
David Russell | firstname.lastname@example.org
Today's calendar has a wide range of events in the United States and overseas.
German, France, and Italy will report preliminary gross domestic product
numbers early in the morning, which could affect sentiment before the
The first U.S. data comes at 7 a.m. ET when the Mortgage Bankers Association releases weekly loan applications. Producer prices follow at 8:30 a.m. ET but are unlikely to have a big effect because inflation hasn't been a concern of investors.
The New York Federal Reserve's regional Empire Manufacturing Index also comes out at 8:30 a.m. ET. Economists expect a reading of 3.5, up from 3.1 in April. National industrial-production numbers for April will be released 45 minutes later. Forecasters are looking for a contraction of 0.2 percent compared with a 0.4 percent gain in March. Industrial production generally doesn't sway sentiment because other releases have already covered the report's time period.
NAHB will release its index of sentiment in the housing market at 10 a.m. ET. Economists predict a reading of 44, up from 42 in April.
Today's big earnings releases include Deere and Computer Sciences, both before the market opens.
Few data items on slow calendar
December 10, 2013
Today's agenda is relatively quiet, with the main economic data already reported in the overnight session. China was scheduled to release industrial production and retail sales shortly after midnight ET.
Stocks up, adding to Friday gains
December 9, 2013
Asia was mostly positive in the overnight session, with ongoing weakness in the Japanese yen driving the Nikkei higher by more than 2 percent. European markets are mixed.
Economic reports slow this week
December 9, 2013
This week's economic calendar is quiet, with few scheduled events that are likely to affect sentiment. German industrial production, released early in the session, is today's only headline.
Stocks try to rebound before payrolls
December 6, 2013
Other big reports have beaten expectations this week, causing investors to worry about higher interest rates.
Cramer: The pessimists are winning
December 5, 2013
We are seeing numbers from a well respected survey of newsletter writers that shows more bulls than we have seen in a long time--but that's just another negative concern for the short-term trigger pullers.