What Traders Will Be Watching on Tuesday
With little economic news and earnings reports for traders to react to on Tuesday, the focus will continue to remain on headlines from the euro zone.
On the economic front, the National Federation of Independent Business is expected to post its monthly small business optimism index at 7:30 am ET. And the Labor Department is scheduled to report import and export prices at 8:30 am ET.
Fed Governor Daniel Tarullo is expected to speak at the Asian Banking and Finance Conference at 11:30 am ET.
And the government is also scheduled to auction $32 billion in 3-year notes with the results available shortly after 1pm ET.
Stocks closed near session lows Monday, dragged by financials, after an earlier relief rally triggered by the Spanish bank bailoutfaded and as investors continued to worry over the upcoming election in Greece.
What to Watch This Week (All times below are ET):
Tuesday
0730 am NFIB small business survey
0830 am Import prices
1130 am Fed Gov. Daniel Tarullo on shadow banking
0100 pm $32 billion 3-year note auction
0200 pm Monthly budget
Wednesday
0700 am Mortgage applications
0830 am PPI
0830 am Retail sales
1000 am Business inventories
0100 pm $21 billion 10-year note auction
Thursday
0830 am Jobless claims
0830 am Current account
0830 am CPI
0100 pm $13 billion 30-year bond auction
Friday
0830 am Empire State survey
0900 am TIC data
0915 am Industrial production
0955 am Consumer sentiment
—By CNBC’s JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
Questions? Comments? Email us at marketinsider@cnbc.com
