Stock market is expected to open flat green tomorrow. Its going to be big day for stock market as the rumor on debt ceiling will keep moving market. The chances of US passing the debt limit deadline is 90% higher. But the hope will continue till next week. Any delay after next week could cause big problem. Avoid UVXY, VXX as they may look attractive but could be dangerous to play on rumor.
I'll be watching EBAY, KEY, MAT, PEP, STJ, SNDK.
Notable earnings before Wednesday’s open
ABT, ASML, BAC, BK, BLK, CMA, GWW, KEY, MAT, MTG, NTRS, PEP, PNC, STJ, SWK, USB
Notable earnings after Wednesday’s close
ALB, AXP, CCK, CLB, CYS, EBAY, EPB, EWBC, IBM, KMP, NE, RLI, SCSS, SLM, SNDK, STLD, UMPQ, URI, XLNX
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 5:00 | EUR | HICP - Core (Final) | med | 1 | 1 | |||||
| 5:00 | EUR | HICP (Final) | med | 1.1 | 1.3 | |||||
| 5:00 | EUR | HICP (Final) | med | 0.5 | 0.1 | |||||
| 5:00 | EUR | Trade balance (nsa) | low | 10 | 18.2 | |||||
| 9:00 | USD | Net Long-term TICS Flows | low | 31.1 | ||||||
| 10:00 | USD | NAHB Builders survey | med | 57 | 58 | |||||
| 12:25 | USD | Fed's Pianalto speaks on housing in Ohio | low | |||||||
| 13:00 | EUR | ECB's Mersch speaks in Luxembourg | low | |||||||
| 14:00 | EUR | ECB President Draghi speaks in Frankfurt | low | |||||||
| 14:00 | USD | US Federal Reserve release Beige Book | med | |||||||
| 18:30 | USD | Fed's George speaks on Fed Centennial in Oklahoma City | low | |||||||
| 18:45 | USD | Fed's Fisher speaks on Big Banks in New York | low | |||||||
| 20:00 | EUR | ECB Governing Council hold non-rate setting meeting | med | |||||||
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