Fed Minutes Due; Big Banks Kick Off 3Q Earnings Season

By Katie Coburn / October 05, 2017 / www.schaeffersresearch.com / Article Link

A fresh round of Federal Reserve appearances is due this week, including Fed Governor Jerome Powell -- who is set to deliver a keynote address on Thursday. This follows Wednesday's release of the closely watched Fed meeting minutes, where traders will be looking for clues on a possible December rate hike. Plus, third-quarter earnings season will unofficially begin with several notable names set to report, including high-profile financial firms JPMorgan Chase & Co (NYSE:JPM) and Wells Fargo & Co (NYSE:WFC), as well as travel name Delta Air Lines, Inc. (NYSE:DAL).

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

The week starts off on a quiet note, with banks and the bond market closed on Monday, Oct. 9, in observance of Columbus Day. The stock market, however, will still be open, but there are no notable economic or earnings reports due.

On Tuesday, Oct. 10, traders will hear from Minneapolis Fed President Neel Kashkari during regular trading hours, and Dallas Fed President Rob Kaplan after the close. Barracuda Networks (CUDA) will report earnings.

Wednesday, Oct. 11, will bring the release of the Labor Department's monthly Job Openings and Labor Turnover Survey (JOLTS) and the minutes from the September Federal Open Market Committee (FOMC) meeting. Chicago Fed President Charles Evans is also scheduled to speak. Bank of the Ozarks (OZRK), BlackRock (BLK), DAL, Fastenal (FAST), and Voxx International (VOXX) are expected to release quarterly earnings.

In addition to Powell's address, weekly jobless claims will be released on Thursday, Oct. 12, along with the holiday-delayed weekly crude inventories update, the monthly Treasury budget, and the producer price index (PPI). JPM, Citigroup (C), Domino's Pizza (DPZ), and Lindsay (LNN) will step into the earnings confessional.

The consumer price index (CPI) is due on Friday Oct. 13, along with the University of Michigan's consumer sentiment survey. Retail sales and business inventories data will also hit the Street. Evans, Kaplan, Powell, and Boston Fed President Eric Rosengren will speak. Bank of America (BAC), JB Hunt (JBHT), PNC Financial (PNC), and WFC will round out the week's earnings reports.

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