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Day Ahead: Top 3 Things to Watch

Published 09/16/2019, 05:35 PM
Updated 09/16/2019, 06:18 PM
© Reuters.

© Reuters.

Investing - Here are the three things that could rock the markets tomorrow.

1. Hello Housing

The Federal Open Market Committee starts its two-day meeting tomorrow, and it will get another piece of data before its rate decision Wednesday.

The National Association of Homebuilders will release their housing market index for September at 10:00 AM ET (14:00 GMT).

The index is forecast to stay steady at 66, which is a healthy number. A reading above 50 suggests home builders are very confident about the current sales environment.

Before that, at 9:15 AM ET, the Fed will issues its measure of August industrial production. That’s expected to bounce back to 0.2% for the month, compared with a decline of 0.2% the month before.

2. A Trade Weather Gauge With FedEx (NYSE:FDX)

If you want to know what the impact of the U.S.-China trade war is, don’t miss the call following FedEx’s numbers.

FedEx (NYSE:FDX) will report earnings after the bell Tuesday.

On average, analysts expect that the company earned $3.17 per share in the last quarter, according to forecasts compiled by Investing.com.

Revenue for the delivery company is forecast to come in at $17.1 billion.

3. API on Tap

Crude oil futures had their biggest spike in three decades after the attack on Saudi Arabia’s production facilities.

And in the near term, how much the U.S. can keep exporting?

At 4:30 PM ET (20:00 GMT), the American Petroleum Institute will issue its assessment of U.S. oil inventories for last week.

Last week the API reported a drawdown of 7.2 million barrels.

Last week the API reported a drawdown of 7.2 million barrels.

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