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What to Watch: US Data, Tsy Auctions, Q3 Earnings

US TSYS

FI support continues as softer data cools expectations of more hawkish year end policy expectations. Appears to have been some selling late overnight after UK officials anncd medium-term fiscal plan delay to Nov 17.

  • Upcoming data at 0830ET:
    • Advance Goods Trade Balance (-$87.3B, -$87.5B)
    • Wholesale Inventories MoM (1.3%, 1.0%)
    • Retail Inventories MoM (1.4%, 1.2%) followed by
    • New Home Sales (685K, 580K); MoM (28.8%, -15.3%) at 1000ET
  • US Tsy auctions kick off at 1130ET w/ US Tsy $33B 17W bills and $24B 2Y FRN Note auction (91282CFS5) followed by US Tsy $43B 5Y Note auction (91282CFU0) at 1300ET.
  • Q3 equity earnings continue after the close: Ford (F): $0.306 est; Caterpillar (CAT): $3.178 est; Olin Corp (OLN) $1.791 est; Raymond James (RJF): $2.056 est; META: $1.885 est

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