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What to Watch: GDP, Jobless Data, Q3 Earnings

US TSYS

Tsys weaker but off recent lows following expected 75bp rate hike from the ECB. Market turns focus to US data, majority up at 0830ET:

  • Weekly Claims (214k, 220k) Continuing Claims (1.385M, 1.390M)
  • GDP Annualized QoQ (-0.6%, 2.4%); Price Index (9.0%, 5.3%)
  • Durable Goods Orders (-0.2%, 0.6%); Ex-Trans (0.3%, 0.2%)
  • Personal Consumption (2.0%, 1.0%); Core PCE QoQ (4.7%, 4.5%)
  • Cap Goods Orders Nondef Ex Air (1.4%, 0.3%); Ship (0.4%, 0.4%)
  • followed by Kansas City Fed Manf. Activity (1, -2) at 1100ET
  • US Tsy auctions kick off at 1130ET w/ US Tsy $65B 4W, $55B 8W bills; US Tsy $35B 7Y Note auction (91282CFT3) at 1300ET.
  • Q3 equity earnings continue after the close: Capital One Financial Corp (COF) $5.104 est; T-Mobile US Inc (TMUS) $0.383 est; Weyerhaeuser Co (WY); Intel Corp (INTC) $0.331 est; United States Steel Corp (X) $1.928 est; Amazon.com Inc (AMZN) $0.223 est; Apple Inc (AAPL) $1.264 est

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