This week begins quietly for economic data, but earnings reports
Today's releases begin with industrial production for September a
9:15 a.m. ET. Forecasters expect an increase of 0.3 percent, down
from 0.4 percent in August. Capacity utilization, announced at the
same time, is projected to increase to 78 percent from 77.8
percent. Neither headline is likely to move markets, though they
could provide useful clues on the state of the non-consumer
Pending home sales follow at 10 a.m. ET but aren't tracked by
Biogen Idec, Merck, and Sohu.com report earnings before the opening
bell. Apple, Hartford, Masco, Riverbed Technology, and Seagate
Technology announce in the afternoon.
September's retail sales release, delayed by the recent government
shutdown, come out tomorrow, along with producer prices, the
Case-Shiller index of home prices, and consumer confidence.
Tomorrow's notable pre-market earnings include Archer Daniels
Midland, Aetna, Goodyear Tire & Rubber, Pfizer, Valero Energy,
and U.S. Steel. Gilead Sciences, Baidu, LinkedIn, Leap Wireless,
Western Union and Take-Two Interactive follow after the closing
European economic sentiment comes early Wednesday. ADP's
private-sector payroll report and the Federal Reserve's monetary
announcement come later in the session. Consumer prices and
crude-oil inventories will also be released.
Thursday brings weekly jobless claims. Friday is awash in global
manufacturing data: purchasing managers indexes in Europe and
China, plus the Institute of Supply Management's key monthly index
in the United States.
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