Morning Update
Posted: 2017-01-26 13:00:00BEFORE THE BELL
U.S. stock index futures are higher premarket, with investors celebrating the 20,000 point record high Dow Jones index. Markets are watching corporate results of major companies such as Starbucks, Microsoft, Intel and Google scheduled to report after the closing bell. Initial claims, Markit composite and services PMI, leading index, new home sales, national activity index, wholesale inventory and goods trade balance data are on the economic events calendar. European shares tracked gains in Asian markets. Gold was down while riskier assets gained traction, with an oil rise driven by a weakening dollar.
ECONOMIC EVENTS
0830 Advance goods trade balance for Dec: Prior -65.30 bln
0830 Advance Wholesale Inventory for Dec: Prior 1.0
0830 Advance Retail Inventory Ex Auto for Dec: Prior 0.5
0830 Initial jobless claims: Expected 247,000; Prior 234,000
0830 Jobless claims 4 week average: Prior 246,750
0830 Continued jobless claims: Expected 2.040 mln; Prior 2.046 mln
0830 National Activity Index for Dec: Prior -0.27
0945 Markit Composite Flash PMI for Jan: Prior 54.10
0945 Markit Service PMI Flash for Jan: Expected 54.4; Prior 53.9
1000 Leading index change mm for Dec: Prior 0.0 pct
1000 New home sales-units for Dec: Expected 0.588 mln; Prior 0.592 mln
1000 New home sales change mm for Dec: Expected -1.0 pct; Prior 5.2 pct
1100 KC Fed Manufacturing for Jan: Prior 24
1100 KC Fed Composite Index for Jan: Prior 11