The Week Ahead: It's All About The Earnings
1. Geopolitical Events. On Monday Federal Reserve New York President William Dudley will speak at 9:00 am EDT as will St. Louis President James Bullard. Chicago President Charles Evans speaks at 1:30 p.m. EDT. Also on Monday IMF Head Christine Lagarde will speak from Pakistan. On Tuesday Federal Reserve Atlanta President Dennis Lockhart will speak, and ECB Head Mario Draghi will speak in Berlin. On Wednesday U.N. Security Council will debate Syria.
2. Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and consumer confidence, new home sales, durable goods, Q3 GDP and Michigan Sentiment.
3. Earnings Releases. Notable releases include V KMB T PG CMCSA TXN GOOGL MO MA XOM.
Monday, October 24:
International Monetary Fund (IMF) Head Christine Lagarde speaks from Pakistan at 6:00 a.m. EDT.
Tuesday, October 25:
October Consumer Confidence is due out at 10:00 a.m. EDT and is expected to fall to 100.5 from 104.10.
European Central Bank (ECB) Head Mario Draghi speaks from Berlin at 10:30 a.m. EDT.
The latest short interest from the NYSE and NASDAQ is due out after the close.
Wednesday, October 26:
September New Home Sales are due out at 10:00 a.m. EDT and are expected to fall to 600,000 from 609,000.
The United Nations Security Council meets to discuss Syria.
Thursday, October 27:
September Durable Goods are due out at 8:30 a.m. EDT and are expected to improve to 0.2 % from 0.1%.
Friday, October 28:
Q3 GDP is due out at 8:30 a.m. EDT and is expected to rise to 2.6% from 1.4%.
October Michigan Sentiment is due out at 10:00 a.m. EDT and is expected to rise to 88.1 from 87.9.