Economic calendar: US retailers report earnings

7:26 AM 18 August 2020
  • European and US futures trade slightly lower

  • US housing market data

  • Earnings reports from major US retailers

S&P 500 continues to hover near record levels. The index closed just a notch below it yesterday as investors mostly played down lack of coronavirus relief agreement in the United States. As the economic calendar is almost empty today, headlines may play a major role. Apart from that, investors should keep in mind that Q2 earnings reports from 3 major US retailers - Walmart, Kohl's and Home Depot - will be released ahead of Wall Street session open.

1:30 pm BST - US, housing market data for July.

  • Building permits. Expected: 1320k. Previous: 1258k

  • Housing starts. Expected: 1240k. Previous: 1186k

9:40 pm BST - API report on oil inventories. Expected: -2.5 mb. Previous: -4.4 mb

Asian session ahead

0:50 am BST - Japan, trade balance for July and machinery orders for June.

Noteworthy US earnings

  • Walmart (WMT.US) - before market open

  • Kohl's (KSS.US) - before market open

  • Home Depot (HD.US) - before market open

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