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Mortgage, oil data top light agenda

Posted
11/6/2013 2:16:00 AM
By: optionMONSTER
Referenced Stocks:SPX

Today's economic calendar is relatively slow, but the agenda gets more active later this week.

The first items come from across the Atlantic, with service-sector purchasing managers reports and retail sales released in Europe early in the morning.

U.S. data begins at 7 a.m. ET with MBA's weekly mortgage-applications numbers. Leading indicators for September and crude-oil inventories follow at 10 a.m. and 10:30 a.m. ET respectively. None of them tend to affect sentiment significantly, though the oil numbers could move energy stocks.

Chesapeake Energy, Devon Energy, Humana, Ralph Lauren, Molson Coors, and Time Warner report earnings before the opening bell. CBS, Mondelez, Prudential Financial, Qualcomm, Transocean, and Tesoro follow in the afternoon.

Tomorrow brings the government's preliminary estimate of third-quarter gross domestic product, initial jobless claims and monthly sales from major retailers. Friday's also busy with non-farm payrolls and consumer sentiment.