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Investing.com – Here are three things that could rock the markets tomorrow.
1. More Bank Earnings Coming Up
Financial earnings keep on coming tomorrow after mixed results today saw JPMorgan Chase (NYSE:) climb on solid results, but Wells Fargo (NYSE:) struggle.
Goldman Sachs (NYSE:) was among the leaders today and will weigh in with quarterly numbers ahead of trading.
Analysts expect that Goldman $5.56 per share, according to forecasts compiled by Investing.com. Revenue is seen coming in at $8.53 billion.
Bank of America (NYSE:) is also on the docket, with analysts predicting a of 69 cents per share, with revenue of $22.22 billion.
Asset manager BlackRock (NYSE:) will report quarterly numbers as well. The consensus calls for of $7.62 a share, with revenue of $3.83 billion.
Insurance company UnitedHealth Group (NYSE:) is on the earnings calendar as well.
Analysts are looking for a quarterly of $3.77 per share. Revenue is predicted to come in at $60.93 billion.
2. Beige Book, Wholesale Inflation Data Arrive
The Federal Reserve will issue its Beige Book of economic activity tomorrow, with the market looking very satisfied with conditions at the moment and expecting the Fed to keep rates at current levels.
The comes out at 2 PM ET (19:00 GMT).
Kansas City Fed President Esther George said today keeping rates on hold is appropriate “as we assess the economy’s response to last year’s rate cuts and monitor incoming data.”
The consumer price index out today showed little retail inflation pressure and investors will see if there are any red flags on the wholesale side tomorrow.
The Labor Department issues the December producer price index (PPI) tomorrow at 8:30 AM ET.
Economists expect that the rose 0.2% last month, while the , which excludes volatile food and energy prices, is expected to have risen 0.2% as well, according to forecasts compiled by Investing.com.
At 9:45 AM ET, the New York Fed issues its measure of manufacturing activity in the area.
The January is seen ticking up to 3.55.
3. Oil Inventories Seen Dropping
As the energy markets get more comfortable with the situation in the Middle East, supply numbers are taking the spotlight again.
After the bell today the American Petroleum Institute reported that U.S. oil stockpiles last week.
The often serve as a guide for what the government numbers will be Wednesday.
The Energy Information Administration will report its inventory numbers at 10:30 AM ET (15:30 GMT).
Analysts are predicting a decline in of 474,000 barrels, according to forecasts compiled by Investing.com.
are seen rising by about 3.4 million barrels, with forecast to post a build of about 1.2 million barrels.
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