The Day Ahead: Equities Climbing Ahead of Soft Schedule

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Relative to how busy this week is, Tuesday’s economic calendar is pretty slow. Aside from the weekly retail sales surveys, no major economic data will be released, but the afternoon features two speeches from the Federal Reserve.

90 minutes before the opening bell, equity markets are clearly looking for a positive open. The Dow looks to open 53 points higher at 10,438 and futures on the S&P 500 are up 6.30 points to 1,120.90.

NYMEX crude oil futures contracts are up 63 cents to $79.33 and Gold is up $5.20 to $1,123.50.

Key Events Today:

1:00 ― Eric Rosengren, president of the Boston Fed, speaks at a conference on post-crisis capital markets in Philadelphia.

2:00 ― Naranyana Kocherlakota (non-voter), president of the Minneapolis Fed, speaks to the Allied Executives Business & Economic Outlook Symposium in Minneapolis.

Treasury Auctions:

  • 11:30 ― 4-Week Bills