Stock market is expected to open higher inspite of Spain downgrade. In 2012, Stock market have rallied after every downgrade. Also since S&P500, Dow jones are near 200 ma, they are expected to bounce of it before next correction begins.
Dow jones expected to open higher. |
Earning to Watch: |
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Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
---|---|---|---|---|
API TECH CORP ATNY | Before Open | N/A | -0.01 | N/A |
BANK OZARKS OZRK | After Market Close | N/A | 0.55 | N/A |
CANTEL MED CORP CMN | Before Open | N/A | 0.31 | N/A |
EMMIS COMM CL A EMMS | Before Open | N/A | N/A | N/A |
FASTENAL FAST | Before Open | N/A | 0.37 | N/A |
HUNT (JB) TRANS JBHT | After Market Close | N/A | 0.67 | N/A |
NOVAGOLD RSRCS NG | Before Open | N/A | N/A | N/A |
OIL DRI CORP AM ODC | After Market Close | N/A | 0.50 | N/A |
SAFEWAY INC SWY | Before Open | N/A | 0.42 | N/A |
WINNEBAGO WGO | Before Open | N/A | 0.17 | N/A |
ZEP INC ZEP | N/A | N/A | 0.35 | N/A |
Economic Calendar:
Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
---|---|---|---|---|---|---|---|---|---|---|
1:00 | CNY | Chinese New Yuan Loans (11th-15th) | med | 0.66 | 0.70 | |||||
1:00 | CNY | Chinese Money Supply M2 (11th-15th) | low | 13.6 | 13.5 | |||||
1:00 | JPY | Consumer Confidence | low | 40.5 | ||||||
2:00 | EUR | German HICP (Final) | high | 2.1 | 2.1 | |||||
2:00 | EUR | German CPI (Final) | med | 2 | 2 | |||||
2:00 | EUR | German HICP (Final) | high | |||||||
2:00 | EUR | German CPI (Final) | med | |||||||
2:45 | EUR | French HICP | med | 2.4 | 2.4 | |||||
2:45 | EUR | French CPI | low | 2.2 | 2.1 | |||||
2:45 | EUR | French HICP | med | 0.7 | ||||||
2:45 | EUR | French CPI | low | -0.1 | 0.7 | |||||
3:30 | USD | Federal Reserve Vice Chair Yellen speaks participates on IMF panel "Japan in the Global Economy: Fiscal and Debt Challenges and Aspirations" | low | |||||||
4:00 | EUR | ECB publishes monthly bulletin | low | |||||||
4:00 | EUR | EU Commissioner Almunia discusses regional and competition policy at a European Commision event | low | |||||||
8:30 | USD | Initial Claims | med | 370 | 367 | |||||
8:30 | CAD | House Price Index | low | 0.1 | 0.1 | |||||
8:30 | CAD | Merchandise trade | med | -1.9 | -2.34 | |||||
8:30 | USD | Trade Balance | med | -44 | -42 | |||||
8:30 | USD | Import Price Index | low | 0.7 | 0.7 | |||||
10:00 | EUR | President of the European Commission Barroso and German Chancellor Merkel meet in Berlin to prepare for leaders summit on Oct 18-19 | low | |||||||
11:15 | USD | Fed Board Member Raskin participates in panel "Why Has Growth Becomes so Inequitable, and What To Do About It?" at 2012 Women's Forum Global Meeting | low | |||||||
12:30 | USD | Fed's Plosser speaks on economic outlook before 2012 Southern Chester County Chamber of Commerce lunch | low | |||||||
14:00 | USD | Budget (11th-17th) | low | -190.5 | ||||||
18:00 | USD | Fed's Bullard speaks on US Economy in St. Louis | low | |||||||
19:45 | IMF Managing Director Lagarde holds news conference | low | ||||||||
19:50 | JPY | M2 Money Supply | low | 2.4 | 2.4 | |||||
19:50 | JPY | CGPI | low | -1.4 | -1.8 | |||||
19:50 | JPY | METI Tertiary activity index | med | 0.4 | -0.8 | |||||
20:00 | IEA releases medium term oil market report | med | ||||||||
20:00 | JPY | Monthly Economic Report released | med | |||||||
20:00 | CNY | Bank of China Governor Xiaochuan speaks at International Institute of Finance event | low |