Here Are The Key Market Moving Events For Tuesday, June 19

FedEx ExpressFedEx reports quarterly results before the opening bell on Tuesday.

Photo: Wikimedia Commons

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 per cent.
  • British inflation hits at 4:30 a.m. Economists predict CPI showed a 0.1 per cent month-on-month gain in May, a 3.0 per cent 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.

SEE ALSO: The 20 Countries With The Highest Probability Of Default >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.