Trade Balance, Exports, and Imports Data Coming Tuesday

As traders prepare for another critical day in the financial markets, a series of important economic data releases is anticipated on Tuesday, October 8, 2024. The reports scheduled for the day will focus on trade balance, exports, and imports, offering valuable insights into the economic performance and international trade standing of the United States.

Major Economic Events to Monitor

• 8:30 AM ET – Trade Balance (August): Expected at -$70.60 billion, compared to the previous -$78.80 billion. This indicator measures the difference in value between imported and exported goods and services.

• 8:30 AM ET – Exports (August): Prior data was $266.60 billion. This figure reflects the total dollar amount of merchandise exports from the U.S.

• 8:30 AM ET – Imports (August): Previous value stood at $345.40 billion, indicating the total worth of goods and services brought into the U.S. from other nations.

• 10:30 AM ET – Atlanta Fed GDPNow: Forecast remains at 2.5%, unchanged from the previous estimate. This provides a running estimate for real GDP growth based on available data.

• 12:00 PM ET – EIA Short-Term Energy Outlook: This report offers forecasts for consumption, supply, trade, and prices across major fuel types.

• 12:45 PM ET – FOMC Member Bostic Speaks: Comments from the Atlanta Fed President may provide insights into future monetary policy direction.

• 1:00 PM ET – 3-Year Note Auction: Previous yield was 3.440%. This auction reveals the yield on Treasury Notes and reflects the government’s debt situation.

• 4:30 PM ET – API Weekly Crude Stock: Last reported a decrease of 1.458 million barrels. This report tracks inventory levels of U.S. crude oil, gasoline, and distillates.

Other Economic Events to Consider

• 3:00 AM ET – FOMC Member Kugler Speaks: The Federal Reserve Governor’s remarks could sway market expectations.

• 6:00 AM ET – NFIB Small Business Optimism (September): Forecasted at 92.0, compared to the previous 91.2, indicating the health and outlook of small businesses in the U.S.

• 8:55 AM ET – Redbook (Year-over-Year) (October 6): Previous growth was reported at 5.3%, measuring year-over-year same-store sales growth for major U.S. retailers.

• 10:10 AM ET – IBD/TIPP Economic Optimism (October): Forecasted at 47.2, up from 46.1 previously, reflecting public sentiment on economic conditions.

• 4:00 PM ET – Fed Collins Speaks: The Boston Fed President’s comments may offer further indication of the central bank’s monetary policy stance.

• 7:30 PM ET – Fed Governor Jefferson Speaks: Remarks may provide insight into future Federal Reserve decisions.

For the latest updates and more detailed information, please refer to economic calendars and reports provided by financial institutions.

This article was generated with AI assistance and has been reviewed for accuracy.