Market Insider Look Ahead To Wednesday
Here is just a quick look at what you can expect in Wednesday's markets.
Consumer inflation data and earnings news will help set the tone after Tuesday's rocky market. Intel's after the bell plunge on weaker than expected sales could drag other techs along for the ride. Before the bell earnings are expected from J.P. Morgan and Wells Fargo. They will be important after Citigroup'srelease on Tuesday. Also reporting are Charles Schwab and Northern Trust.
The Fed's Beige Book on the economy is released at 2 pm EST St. Louis Fed President William Poole speaks to the Financial Planning Association of Missouri and southern Illinois in St. Louis at 9:30 am EST.. Watch the Treasury's 9 am EST report for an update on foreign buying of U.S. securities.
After Tuesday's big decline in retail stocks, CNBC will take the pulse of the retail industry all day Wednesday as the the exclusive broadcaster at the ICR conference in Dana Point, Calif.
Oil inventory data is expected at 10:30 am New York time.
8:30 am EST Dec. Consumer Price Index expected, +0.2 percent
8:30 am EST Dec. CPI Ex. Food & Energy expected, +0.2 percent
9:00 am EST Nov. Treasury International Capital Data
9:15 am EST Dec. Industrial Production expected, -0.2 percent
9:15 am EST Dec. Capacity Utilization expected, 81.2 percent
1 pm EST Jan. NAHB Survey previous 19
2 pm EST Beige Book
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