Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Industrial Output, Crude Stockpile, Gas Inventory: 3 Things to Watch

Stock MarketsSep 14, 2021 03:17PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Dhirendra Tripathi

Investing.com -- Stocks fell after data that showed inflation in August ran cooler than expected, setting off a new wave of worries about how the Federal Reserve will respond.

Officials from the central bank meet next week and are expected to discuss the timing of the taper -- when the bank will start to pare back its massive monthly bond purchases that helped blunt the economic hit from the pandemic last year.

The timing of that decision has made for a choppy month in the markets, with investors going back and forth from euphoria over the progress of the recovery to fear that the good times are about over.

The Labor Department said consumer prices rose at their slowest pace in six months in August. July's reading was also a slight slowdown from the prior month. All along, Fed officials have said they believed any inflation from the reopening would be transitory.

Consumer prices for everyday goods are still high, however. And last week we had even stronger readings on producer price inflation. 

Next up come retail sales figures, but not until Thursday. 

Earnings season is largely behind us, but there is a smattering of other data of note this week. Here are three things that could affect markets tomorrow: 

1. Industrial output

Growth in industrial output is likely to have cooled down to 0.4% in August from 0.9% in July, according to analysts tracked by Investing.com. The data are released at 9:15 AM ET (1315 GMT).

2. U.S. crude inventories

With yet another storm slamming the Gulf coast region this week, oil has been in the spotlight. Crude oil inventories in the U.S. for last week are seen eroding by more than double the prior week’s level. Analysts expect a draw of 3.903 million barrels after falling by 1.529 million barrels in the earlier week. The Energy Information Administration releases the data at 10:30 AM ET.

3. Gasoline inventories

Gasoline inventories, too, are seen lower but the pace of the decline is likely to have slowed considerably. Analysts tracked by Investing.com expect a draw of 1.967 million barrels for the week compared to the bigger draw of 7.215 million barrels a week earlier.

 

Industrial Output, Crude Stockpile, Gas Inventory: 3 Things to Watch
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other 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, don’t trash it.

  •           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. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. 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 Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
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.
Comments (1)
Kiran Sg Huli
Kiran Sg Huli Sep 14, 2021 11:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
good one
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
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 Investing.com'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
or
Sign up with Email