Breaking News

Day Ahead: Top 3 Things to Watch

Stock MarketsJul 11, 2018 04:30PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. - Here’s a preview of the top 3 things that could rock markets tomorrow.

1. June CPI Seen Staying Tame

Tomorrow the highlight of the economic data will be consumer inflation. The measure of wholesale inflation released Wednesday came in a little hotter than expected.

Economists forecast that in June the consumer price index (CPI) and the core CPI, which excludes volatile food and energy prices, rose 0.2% month over month.

June year-over-year CPI is expected come in at 2.9%, a tad higher than the previous month.

There will also be the weekly data for initial jobless claims, expected to dip slightly form the week before.

2. Fed’s Kashkari and Harker Set to Speak

While the economic data arrive ahead of trading, investors focused on the path of interest rates will also be parsing comments by Minneapolis Fed President Neel Kashkari.

He is scheduled to speak at 8:30 AM ET (12:30 GMT) at a panel on immigration, but may have remarks germane to Fed policy. Kashkari, considered a dove on rates, told Bloomberg recently he is comfortable with rates moving to neutral, but doesn’t think a restrictive rate policy is warranted.

On Wednesday, Chicago Fed President Charles Evans gave some hawkish comments, telling The Wall Street Journal that the strength of the economy means businesses and consumers can live with slightly higher rates.

Philadelphia Fed President Pat Harker will also give a speech Thursday at 12:15 PM ET (16:15 GMT). Harker is also in the camp for rates to rise just to a neutral level.

3. Investors Will Be Watching Delta’s Guidance Closely

Delta Air Lines (NYSE:DAL) is the one major company reporting earnings Thursday.

On average, analysts expect the carrier to report before the bell a profit of $1.74 per share for the latest quarter on revenue of $11.65 billion.

The company itself already lowered second-quarter profit guidance last June to a range of $1.65 to $1.75 a share, so investors may be more focused on its guidance for the third quarter.

Last week, Deutsche Bank (DE:DBKGn) downgraded Delta to hold, citing a lack of positive catalysts. Deutsche also cut ratings on United Continental (NYSE:UAL) and American Airlines (NASDAQ:AAL).

Day Ahead: Top 3 Things to Watch

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Kevin Ryan
Kevin Ryan Jul 11, 2018 7:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Tariffs don’t go in effect until Aug 30th. There’s plenty of time to make a deal. Also banks report Friday morning. They will beat on both the top and bottom lines and begin their share buybacks soon after the results. Today was computer algorithms selling based on headlines. Buy the dips markets are strong and economy is strong. Trade disputes have 0 effect on GDP
0 0
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email