Tuesday, July 11, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (ANGO)/.02
After the Close: 
  • (MLKN)/.39
Economic Releases  

8:30 am EST

  • The CPI MoM for June is estimated to rise +.3% versus a +.1% gain in May.
  • The CPI Ex Food and Energy MoM for June is estimated to rise +.3% versus a +.4% gain in May.
  • Real Average Weekly Earnings YoY for June.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -$549,800 barrels versus a -1,508,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -1,302,800 barrels versus a -2,549,000 barrel decline the prior week. Distillate inventories are estimated to fall by -527,200 barrels versus a -1,045,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +.4% versus a -1.1% decline prior.

2:00 pm EST

  • The Federal Reserve Beige Book release.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Mester speaking, Fed's Kashkari speaking, Bank of Canada update, 10Y T-Note auction and the weekly MBA Mortgage Applications report could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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