U.S. Economic Calendar Event Update – Jun 11
These are the U.S. economic calendar events for Tuesday, June 11, 2013. All times are EST.
Wholesale Inventories for Apr are scheduled to be released at 10:00 AM. Analysts are estimating a result of 0.2%. The prior period for Wholesale Inventories had a result of 0.4%. 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.
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.