Housing data, tech earnings on tap

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Today's calendar includes housing data and some big tech earnings in the afternoon.


The first event is Germany's Zew survey of economic sentiment, which could affect trading early.

February housing starts and building permits both follow at 8:30 a.m. ET. Economists expect starts to total 915,000, up from 880,000 in the previous month. Permits are forecast to increase to 955,000 from 937,000. Both figures are reported on an annualized basis.

Consumer prices come out at the same time but are unlikely to sway market sentiment because inflation is not a major concern at present. Economists expect an increase of 0.2 percent overall and 0.1 percent excluding food and energy.

Oracle and Adobe Systems report quarterly results after the closing bell.

Wednesday's agenda is even more active, with mortgage applications early and crude-oil inventories halfway through the morning. The Federal Reserve's interest-rate announcement 2 p.m tomorrow ET is perhaps the most important event of the week. The session's earnings include FedEx, General Mills, KB Home, and Jabil Circuit.



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.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.



This article appears in: Investing , Options

Referenced Stocks: SPX

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