Wednesday, December 27, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • None of note
After the Close: 
  • None of note
Economic Releases

8:30 am EST

  • The Advance Goods Trade Deficit for Nov. is estimated at -88.9B versus -$89.8B in Oct.
  • Wholesale Inventories MoM for Nov. is estimated to fall -.2% versus a -.4% decline in Oct.
  • Retail Inventories MoM for Nov. is estimated to rise +.2% versus unch. in Oct.
  • Initial Jobless Claims for last week is estimated to rise to 210K versus 205K the prior week.
  • Continuing Claims is estimated to rise to 1875K versus 1865K prior.

10:00 am EST

  • Pending Home Sales MoM for Nov. is estimated to rise +.9% versus a -1.5% in Oct.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -2,880,250 barrels versus a +2,909,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -65,250 barrels versus a +2,710,000 barrel gain the prior week. Distillate inventories are estimated to rise by +34,750 barrels versus a +1,485,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to rise by +.1% versus a +2.2% gain prior.

Bloomberg 

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The UK Housing Data report, 7Y T-Note auction, weekly EIA natural gas inventory report and the (TGLS) annual meeting could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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