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Earnings, inflation on today's docket

By optionMONSTER October 16, 2012, 02:50:10 AM EDT

Today's calendar is varied, with several kinds of events that could move markets.

The first report begins with Germany's Zew survey of investor confidence. Given the country's place as Europe's biggest economy and one of world's top exporters, this report may affect expectations about the global economy. It's scheduled to come out at 5 a.m. ET.

U.S. consumer prices will be released at 8:30 a.m. ET. Economists expect the so-called headline rate to increase by half a percent and the core rate to climb by 0.2 percent. Inflation data hasn't been a major theme recently because the Federal Reserve has pledged to keep interest rates low, but an especially strong reading could be negative for stocks.

Goldman Sachs also reports quarterly results before the bell this morning. A positive report could fuel demand for financials, while a weak release could hurt the sector.

At 9:15 a.m. ET, the Fed will report September industrial production. Economists expect a flat reading, compared with a decline of 1.2 percent in the previous month.

The National Association of Home Builders will release its monthly sentiment index at 10 a.m. ET, which could affect sentiment in the homebuilding industry. Economists expect the index to rise to 42 from 40 in September.

After the close, semiconductor giant Intel will report third-quarter earnings. Given that its results are considered a barometer for the broader industry, it could affect a wide range of Nasdaq companies. Sentiment has been bearish in technology recently because of weak enterprise spending and a moribund PC market.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Options

Referenced Stocks: XHB, XLP



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