What’s in Today’s Report:
- Earnings Season Technical Preview
- Empire State Manufacturing Survey Takeaways (Released a Day Early)
Stock futures have pulled back from overnight highs after China requested the U.S. reconsider $50B in tariffs just as investor focus had shifted from the trade war to earnings.
Economically, the Business Expectations component of the German ZEW Survey was not as bad as feared (-22.8 vs. E: -29.4) which is bolstering EU shares this morning.
There are no economic reports today however there are two Fed speakers to watch: Bostic (9:00 a.m. ET) and Daly (3:30 p.m. ET), while there are a slew of companies due to report quarterly results today as earnings season gets underway.
Notable corporations reporting earnings today include: JPM ($2.44), C ($1.96), GS ($5.03), WFC ($1.15), UNH ($3.75), and JNJ ($2.00) ahead of the open and UAL ($3.93) and JBHT ($1.44) after the bell.