Here Are The Key Market Moving Events For Tuesday, June 19 (BKS, DFS, FDX, JEF, JBL, ADBE)

By admin on June 18, 2012

Tuesday is a relatively busy day, with readings of housing starts and building permits giving a fresh update of the industry in the U.S. Internationally, French business confidence and British inflation reports may guide shares.

Here’s what you need to know.

Australia starts things off at 9:30 p.m. with the Reserve Bank Board’s June minutes.
Announcements go quiet until 1:00 a.m. on Tuesday morning, with a final reading on Japan’s coincident index. There is no consensus forecast for the final April reading, which a preliminary report showed at 96.5.
French business confidence is expected to decline slightly when announced at 2:45 a.m. Projections are for the index to drop to 92.
Swedish unemployment follows at 3:30 a.m., with consensus for the jobless rate to remain unchanged at 7.8 percent.
British inflation hits at 4:30 a.m. Economists predict CPI showed a 0.1 percent month-on-month gain in May, a 3.0 percent appreciation year-on-year.
At 5:00 a.m. European construction output will be reported.
The German Zew Survey also hits at 5:00 a.m. Expectations are for a sharp decline in June to 39 from 44.1 a month earlier.
Attention shifts to the U.S. at 8:30 a.m. with housing starts and building permits. Starts are seen improving slightly to an annual pace of 720,000, while permits hit 730,000.
Closing out the day at 10:00 a.m. is JOLTS job openings for April. There is no forecast for the report, which last read at 3.737 million.

Below, the key earnings announcements scheduled for the day.

Barnes & Noble (BKS): -$ 0.91
Discover Financial Services (DFS): $ 0.98
FedEx (FDX): $ 1.95
Jefferies Group (JEF): $ 0.29
Jabil Circuit (JBL): $ 0.64
Adobe Systems (ADBE): $ 0.59

Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.

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