One might very well conclude that the European debt crisis will be the driver for some time to come for whatever the U.S. stock market does on any given day.Monday, the trend was clearly one of worry - today, the outlook is indecisive, at least based on stock index futures, ahead of a Fed meeting and some key economic reports.
Today's meeting of the Federal Open Market Committee is a one-day gathering, meaning the latest interest rate decision and statement will be out at about 2:15pm ET, and there will be no news conference to follow.
Today, by the way, is Fed chairman Ben Bernanke's 58th birthday.
The latest economic outlook survey from the National Federation of Independent Business is out this morning, with CNBC's Steve Liesman breaking the news from that survey on Squawk Box at 7:30am ET.
The government is out with its November retail sales figures at 8:30am ET, with economists looking for a rise of 0.5 percent, matching the October increase.
At 10am ET, consensus forecasts call for October business inventories to rise 0.8 percent after coming in unchanged in September.
And the Treasury will sell $21 billion in 10-year notes, with the results of that auction available shortly after 1pm ET.
A light earnings calendar does have one report of note on the schedule this morning: Best Buy (BBY), the nation's largest electronics retailer. That report is expected at about 8am ET.
We'll watch shares of Lockheed Martin (LMT) and Boeing (BA) today, with reports saying Japan is likely to pick Lockheed's F-35 fighter jet over Boeing's Super Hornet as it updates its military fleet.
Also on the watch list: AT&T (T), as it continues to rethink whether to keep pursuing its deal to buy T-Mobile USA.
NYSE Euronext (NYX) may also bear watching, as it and potential merger partner Deutsche Boerse offer more concessions in hopes of having EU officials approve their deal.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.