Thursday continues a busy week, with more than two dozen major earnings announcements. At the same time, a series of economic releases will keep markets moving, including initial claims in the U.S.
Here's what you need to know.
- Australia starts the day off early with worker wages at 7:30 p.m. EST on Wednesday evening. Economists predict average weekly wages will increase by 1.0 percent in the November quarter.
- At 12:00 a.m. EST on Thursday morning, Singapore consumer prices are seen advancing 0.8 percent.
- Taiwan industrial production will be announced at 3:00 a.m. EST, with expectations for the key metric to fall 15.3 percent year-on-year.
- Fifteen minutes later, Swedish consumer confidence is set for release. Economists polled by Bloomberg forecast a reading of 0, which indicates neither pessimism or optimism.
- At 3:30 a.m. EST, Hong Kong will announce January exports and imports. Exports are seen declining 7.0 percent year-on-year in January, while imports fall 4.5 percent.
- Attention shifts back to Europe at 4:00 a.m. EST, when the Ifo Institute announces a reading on the German business climate. The index is seen expanding slightly to 108.8, with the expectation sub-index gaining 110 basis points to 102.
- At the same time, Italian consumer confidence will be announced, with economists predicting a February reading of 92. That's up from the 91.6 reading in January.
- Poland's unemployment rate also follows at 4:00 a.m. EST, with estimates for it to jump to 13.3 percent in January, from 12.5 percent in December.
- At 6:00 a.m. EST, the Confederation of British Industry will announce trend orders, which measures expectations of manufacturers in the U.K. The forecast is for an improvement to -13 from -16 for February. A reading below zero indicates expectations for declining orders. Also at 6:00 a.m. EST, Ireland will release consumer prices.
- At 8:30 a.m. EST, initial jobless claims will be announced in the U.S., with consensus for 355,000 new claims, up from 348,000 last week. Continuing claims are anticipated to come in at 3.455 million.
- U.S. home prices will be released at 10:00 a.m. EST. Economists polled by Bloomberg forecast the index to advance 0.1 percent month-on-month in December.
- The Kansas City Federal Reserve will announce activity in its region at 11:00 a.m. EST, with expectations for the index to improve to 9 in February, from 7 a month earlier.
- Closing out the day at 4:00 p.m. EST is the release of Colombian industrial production. December production is seen increasing 5.6 percent year-on-year.
Below, a roundup of tomorrow's big announcers.
InterDigital ( IDCC): $0.46
Omnicare ( OCR): $0.57
Target ( TGT): $1.39
Plains Exploration & Production ( PXP): $0.37
Kohl's ( KSS): $1.80
American Tower ( AMT ): $0.72
Gap ( GPS ): $0.40
Crocs ( CROX ): $0.04
Salesforce.com ( CRM ): $0.40
Monster Beverage ( MNST ): $0.37
American International Group ( AIG ): $0.56
Molycorp ( MCP ): $0.40
Omnivision Technologies ( OVTI ): $0.13
TiVo ( TIVO ): -$0.13
Autodesk ( ADSK ): $0.45
Denbury Resources ( DNR ): $0.33
Liberty Media Corp - Liberty Capital ( LMCA ): $0.33
DISH Network ( DISH ): $0.61
Sears Holdings ( SHLD ): 0.69
MetroPCS Communications ( PCS ): $0.16
Liberty Interactive ( LINTA ): $0.37
Deckers Outdoor ( DECK ): $3.13
KBR ( KBR ): $0.64
Safeway (SWY ): $0.64
Consensus estimates provided by Bloomberg.
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