Tuesday, June 06, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (UNF)/2.09
After the Close: 
  • None of note
Economic Releases 
7:30 am EST
  • The Challenger Job Cuts report YoY for June.

8:15 am EST

  • The ADP Employment Change report for June is estimated at 95K versus 37K in May. 

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -3,715,000 barrel decline versus a -5,836,000 barrel decline the prior week. Gasoline supplies is estimated to rise by +602,750 barrels versus a -2,075,000 barrel decline the prior week. Distillate inventories are estimated to fall by -1,030,750 barrels versus a -4,066,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +.18% versus a +1.5% gain prior.

Upcoming Splits

  • None of note
Other Potential Market Movers
  • 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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