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Investing.com – Here's an overview of the top 3 things that could upset the markets tomorrow.
1. Expected GDP up
Economic indicators will improve tomorrow with another reading on third quarter economic growth and the latest figures on new home sales.
The Bureau of Economic Analysis will release the second quarter GDP measure at 8:30 am ET (1:30 pm GMT).
Economists expect on average an annual rate of 3.6%, up from the initial 3.5%.
For observers of inflation, they should remain stable at the first estimate of an annual growth of 1.6%.
Strong but moderate economic growth is expected for the fourth quarter and next.
"The US economy performed very well this year with a strong job market and mbadive tax cuts that generated the strongest GDP growth since 2005, but it will be difficult to sustain this momentum in 2019. , given the delayed effects of the crisis. A strong dollar and higher interest rates, as well as slackening fiscal stimulus and intensifying trade protectionism at a time of slowing global growth, "said James Knightley, Chief Economist, International Affairs at ING.
At 10 am, the Commerce Department will release the figures for October.
The market is looking for a rise of 3.7% for the month, rebounding after a decline in September.
2. Tiffany presents the results of the retail sale in the morning
Revenues from the retail trade are at the rendezvous, with the seller of luxury goods Tiffany (NYSE 🙂 in the lead.
On average, badysts expect a quarterly profit of 77 cents per share for a business figure of about $ 1 billion.
Equities have struggled recently and equities are now back to levels seen just before rising in May.
Dick's Sporting Goods (NYSE 🙂 will take its place, with a forecast of 26 cents per share on sales of about $ 1.9 billion.
The Chico FAS report (NYSE 🙂 is also planned.
3. Oil stocks to lift prices?
Oil prices have not been found today, but traders may have more luck with the arrival of official inventory data.
The Energy Information Administration will publish the publication at 10:30 am ET (15:30 GMT).
The traders are planning another constitution in US stocks, but much less than the previous ones.
Oil market players will also have to weigh the possibility that OPEC and Russia will accept a reduction in production at the Vienna meeting on 6 and 7 December.
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