Tuesday’s Busy Calendar

It’s a full slate of economic data and earnings as the Fed starts its two-day meeting.

September US economic reports include durable goods orders and new home sales. October reports include Conference Board consumer confidence and the Richmond Fed manufacturing and Dallas Fed services surveys. For August, we get the S&P Cotality Case-Shiller and FHFA home price indexes. We’ll also get the weekly ADP NER Pulse.

The FOMC begins its two-day meeting, with the decision Wednesday at 2pm ET.

Non-Bill (>1yr in maturity) US Treasury auctions are $70B of 5-year notes. Treasury will also conduct a buyback of 20- to 30-year securities.

41 S&P 500 components report, six of them with market caps over $100bn:

  • Before the open: Coca-Cola ($KO), Boeing ($BA), S&P Global ($SPGI), HCA Healthcare ($HCA), Freeport-McMoRan ($FCX), American Tower ($AMT), Johnson Controls ($JCI), UPS ($UPS), Sherwin-Williams ($SHW), Ecolab ($ECL), Hilton ($HLT), Illinois Tool Works ($ITW), Royal Caribbean ($RCL), Paccar ($PCAR), PayPal ($PYPL), IQVIA ($IQV), CenterPoint Energy ($CNP), Xylem ($XYL), Hubbell ($HUBB), CMS Energy ($CMS), Invesco ($IVZ) and Pentair ($PNR)
  • After the close: Visa ($V), Seagate Technology ($STX), Waste Management ($WM), Robinhood ($HOOD), Oneok ($OKE), NXP Semiconductors ($NXPI), Baker Hughes ($BKR), Ventas ($VTR), EQT ($EQT), Arch Capital ($ACGL), Extra Space Storage ($EXR), FirstEnergy ($FE), F5 ($FFIV), PPG Industries ($PPG), Expand Energy ($EXE), Essex Property Trust ($ESS), CoStar Group ($CSGP), Universal Health Services ($UHS) and BXP ($BXP)

Outside the US, Novartis ($NVS) and Porsche ($DRPRY) have reported, followed by SK Hynix ($SKHY) tonight.

Ex-US highlights include China September industrial profits, South Korea Q3 GDP, France October consumer confidence, Eurozone September M3 and the ECB’s Q3 Bank Lending Survey. Israel also holds parliamentary elections.

From Christophe Barraud’s international Week Ahead rundown: