Stock market is expected to open lower tomorrow inspite of ECB fine tuning and FED POMO operation but a mid day reversal is expected.
I'll be watching TNA, TZA, GIII, SAI
Economic Calendar:
I'll be watching TNA, TZA, GIII, SAI
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 2:00 | EUR | PPI | med | -0.2 | -0.2 | |||||
| 2:00 | EUR | PPI | med | 0.2 | 0.7 | |||||
| 5:30 | USD | Trade Balance | med | -41 | -38.8 | |||||
| 7:00 | USD | IBD consumer optimism | med | 50 | 45.1 | |||||
| 9:15 | IMF's Lagarde speaks on global economic outlook | low | ||||||||
| 9:30 | USD | Fed's Raskin in "Trends in Job Creation" panel | low | |||||||
| 10:30 | USD | Fed's George speaks on U.S. economy before a business and community leaders lunch | low | |||||||
| 17:00 | EUR | EU Commissioner Almunia takes part in European Australian Business Event | low | |||||||
| 17:00 | EUR | EU's Barnier takes part in presentation of "Schuman Report - The State of the Union in 2013" | low | |||||||
| 17:00 | USD | Fed's Fisher speaks on "A Perspective on the U.S. Economy" at CD Howe Institute in Toronto | low | |||||||
After Hours Movers
Premarket Earning:
American Woodmark Corporation ( AMWD ) is reporting for the quarter ending April 30, 2013. The furniture company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.17. This value represents a 206.25% increase compared to the same quarter last year. AMWD missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -128.57%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AMWD is 71.22 vs. an industry ratio of 32.00, implying that they will have a higher earnings growth than their competitors in the same industry.
