U.S. companies continue to publish reports, the vast majority of which is better than expected. So, today from 17 companies, reported at the time of this writing, the results of 13 years have exceeded market expectations. Moreover, in this reporting season forecasts were too low, as often happened in the past year.
Today should be published some important news: the data on new home sales data on oil reserves (according to EIA), an address by Barack Obama to reform the banks and the record of the FOMC meeting on monetary policy.
Data on sales of new homes can get worse than expected, especially considering the results of the secondary housing market.
However, oil reserves are likely to be below expectations. The fact is that yesterday”s data on stocks of versions of the API came out below expectations. Of course, the data API and EIA does not always correlate, but, given that the last time they were very different, re “raskorrelyatsiya” unlikely.
Barack Obama likely will be forced to soften the tone of statements to banks, as other politicians have already warned him against hasty and populist decisions.
Regarding comments FOMC, then given the weak and interrupted periodically by the restoration of the labor market and demand, maintaining the thesis of a soft monetary policy for a long time must be maintained.
So, in general, news background for tomorrow will be positive, although a small correction in prices of shares on the Russian vosemnadtsatichasovyh data is now available.
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