Mar
18
The Day Ahead: Data Deluge Hits Cautious Markets
ByPosted To: MND NewsWire
The day ahead offers several fresh data points and a range of speakers from the Federal Reserve. Traders are being cautious as equity prices are slightly down after earlier gains in the week. 90 minutes before the opening bell, Dow futures are up 9 points to 10,663 and S&P 500 futures are flat at 1,161. Key Events Today: 7:30 ― Elizabeth Duke , a governor of the Federal Reserve, and Sheila Bair , chairman of the FDIC, speak to the American Bankers Association government relations summit in Washington. 8:30 ― Unlike the PPI from Wednesday, the Consumer Price Index should be less impacted by falling energy prices. Economists expect to see 0.1% price gains on the headline and the core index, following a 0.2% gain in the headline and a drop of 0.1% in the core. “Declining rent prices...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.