Tuesday, April 04, 2023

Tomorrow's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open: 
  • (CAG)/.64
  • (SCHN)/.19
  • (SMPL)/.30
After the Close: 
  • None of note

Economic Releases

8:15 am EST
  • The ADP Employment Change for March is estimated at 210K versus 242K in Feb. 
8:30 am EST
  • The Trade Balance for Feb. is estimated at -$68.8B versus -$68.3B in Jan.
9:45 am EST
  • S&P Global US PMI revisions.
10:00 am EST
  • The ISM Services Index for March is estimated to fall to 54.4 versus 55.1 in Feb.
10:30 am EST
  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,611,860 barrels versus a -7,489,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -1,910,710 barrels versus a -2,904,000 barrel decline the prior week. Distillate inventories are estimated to fall by -719,710 versus a +281,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to rise by +.24% versus a +1.7% gain prior.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China Services PMI report, weekly MBA Mortgage Applications report, (FDX) Drive Investor Update and the (WM) investor day could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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