Tuesday, June 13, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • None of note
After the Close: 
  • (LEN)/2.32
Economic Releases   

8:30 am EST

  • The PPI Final Demand MoM for May is estimated to fall -.1% versus a +.2% gain in April.
  • The PPI Ex Food and Energy MoM for May is estimated to rise +.2% versus a +.2% gain in April.
  • The PPI Final Demand YoY for  May is estimated to rise +1.5% versus a +2.3% gain in April.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,112,000 barrels versus a -452,000 barrel decline the prior week. Gasoline supplies are estimated to rise by +1,019,000 barrels versus a +2,745,000 barrel gain the prior week. Distillate inventories are estimated to rise by +2,022,170 barrels versus a +5,074,000 barrel gain the prior week. Finally, Refinery utilization is estimated to fall by -.02% versus a +2.7% gain prior.

2:00 pm EST

  • The FOMC is expected to leave the benchmark Fed Funds Rate at 5.0-5.25%.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The FOMC Press Conference/Projections, Eurozone CPI report, weekly MBA Mortgage Applications report, Cantor Fitzgerald Mobility & Industrial Tech Conference and the (BLK) investor day could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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