U.S. Economic Calendar Event Update – Feb 8
These are the U.S. economic calendar events for Friday, February 08, 2013. All times are EST.
Trade Balance for Dec are scheduled to be released at 8:30 AM. Analysts are estimating a result of $-45.4B. The prior period for Trade Balance had a result of $-48.7B. This event has a low effect on US markets.
Wholesale Inventories for Dec are scheduled to be released at 10:00 AM. Analysts are estimating a result of 0.3%. The prior period for Wholesale Inventories had a result of 0.6%. This event has a low effect on US markets.
At the release of important events, US equity markets (INDEXSP:.INX) can make major moves. Be sure to keep an eye on S&P (NYSEARCA:SPY), Nasdaq (NYSEARCA:QQQ) and Dow Jones (NYSEARCA:DIA) at the time of announcements.
Here is some more information about the events discussion in this article.
Trade Balance: A country’s trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country’s currency.
Wholesale Inventories: The wholesale trade report includes sales and inventory statistics from the second stage of the manufacturing process. The sales figures say close to nothing about personal consumption and therefore do not move the market.
Wholesale inventories sometimes swing enough to change the aggregate inventory profile (aggregate inventory is the sum of inventory at the manufacturing, wholesale, and retail levels), which may affect the GDP outlook. In that event they can elicit a small market reaction. More often than not, however, this release goes unnoticed except by market economists.