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U.S. Day Ahead: FedEx to deliver rosier outlook

Wednesday, March 21, 2012 - 02:39

Mar. 21 - Expect FedEx to say the economy is growing gradually and that retailers are restocking inventories when it reports its latest results according to Reuters Correspondent Lynn Adler.

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Here is you're US day ahead we will get it on the strength. Recovery when FedEx reports before the market opens -- It's sad to see earnings of the -- five Sharon the third quarter up from 81 cents a year ago. The world's second largest package delivery company actually comes out with highly plus commentary on the economy. Reuters correspondent -- Adler says expect a rosier outlook. The CD economies going gradually. But consumers are shopping more online again and retailers are going to need to restock inventories that -- plays into Texas fans. If there is a profit -- it'll be because -- prices spike in the quarter. But last quarter they told us that they're doing a big fleet upgrade to more fuel efficient aircraft. -- LIT's service is set to dominate the rest of earnings ConAgra and Dollar General are out before the open -- -- Nike report after the close don't expect any major hits nor mrs. according to start mine. All -- throughout the week been on housing and that continues that the release of the FHFA at home price index. Out it's happening at. I have -- is the index show prices rose in January but at a more subdued rate of three tenths -- percent. More data that could give markets some direction in the morning on the radar initial jobless claims at 830 and leading indicators at ten. Claims are -- they should rise slightly 364000. -- economics editors Alan Dawson says that more solid jobs -- If you go back historically you don't get many changes in mid march and the number has been trapped for the last six weeks. And that 350 to 365000. New claims level and that would suggest that much employment growth will be. The same as we've seen recently around 200000. Reserve chairman Ben Bernanke back at school again it is second at fort lectures that George Washington university's school of business at 1245. Just topic this time will be the Fed and that financial crisis. In his last appearance Bernanke last in the gold standard saying it would handicap governments. And we'll get more excited at this event appearances from three key fed speakers. At 10 AM governor Daniel testifies before a senate panel on Wall Street reform. Chicago fed president Charles Evans discuss monetary policy at 4 PM. And New York fed president will at least speaks on building a better financial system that's at 7:30 PM. I'm on up there this is Reuters.

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U.S. Day Ahead: FedEx to deliver rosier outlook

Wednesday, March 21, 2012 - 02:39