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Day Ahead: Top 3 Things to Watch

Stock MarketsSep 12, 2018 04:53PM ET
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© Reuters. Kroger reports earnings ahead of trading.

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow.

1. CPI Numbers on Tap

Retail inflation data leads tomorrow’s economic calendar after a government report showed today a surprise drop in wholesale prices for last month.

The Labor Department will release the consumer price index (CPI) at 8:30 AM ET (12:30 GMT).

On average, economists expect that the CPI rose 0.3% in August from the month before, with year-on-year growth of 2.8%.

The core CPI, which excludes volatile food and energy prices, is expected to have risen 0.2% for the month and 2.4% year on year.

In addition, central bank watchers will also get decisions from the Bank of England and the European Central Bank.

The BoE is widely expected to keep rates unchanged when it announces its decision at 7:00 AM ET (11:00 GMT). The ECB is also expected to hold. Its decision comes out at 7:45 AM ET (11:45 GMT).

2. Kroger, Adobe Set to Report

There will be some numbers for investors to assess the food retail sector as supermarket chain Kroger (NYSE:KR) reports earnings before the bell.

Analysts are forecasting a profit of 37 cents per share on sales of about $28 billion.

The numbers will have to be strong to impress Wall Street, with the stock up solidly over the last three months and close to a 52-week high.

After the close, Adobe Systems (NASDAQ:ADBE) weighs in with its latest results.

Analysts predict a profit of $1.68 per share, on revenue of $2.25 billion.

Adobe shares are close to its all-time high.

3. Hurricane Florence Approaches East Coast

Energy and stock investors will be watching for updates as Hurricane Florence heads towards landfall.

The hurricane is expected to deliver tropical storm winds to the Carolinas starting 12:00 PM ET (16:00 GMT) tomorrow and hurricane-force winds by late that evening, according to CNN.

President Donald Trump has warned those in the path of the hurricane to evacuate.

The storm’s path is not taking it toward the oil production facilities in the Gulf of Mexico. But it is expected to deliver one of the strongest blows to the East Coast in years.

Energy, insurance, materials and industrials stocks are often actively traded during natural disasters.

Day Ahead: Top 3 Things to Watch
 

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Drew Pennyfeather
Drew Pennyfeather Sep 12, 2018 9:49PM ET
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^yeah, noticed that earlier. surprised it wasn't updated to say hurricane
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Keith A. Casey
Keith A. Casey Sep 12, 2018 8:45PM ET
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CPI will propel gold, not to mention Hurricane.
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Kevin AH
Kevin AH Sep 12, 2018 8:10PM ET
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Watch gold.
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Mary Kam
Mary Kam Sep 12, 2018 6:58PM ET
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why??
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Letlhogonolo Tlhogi II
Letlhogonolo Tlhogi II Sep 12, 2018 6:50PM ET
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Sell audcad at 03:30
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icouldnotthink67 .
icouldnotthink67 . Sep 12, 2018 6:36PM ET
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"The stock is expected to deliver tropical storm winds" sounds like a brutal stock.
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