Big Banks will release their latest quarterly earnings including : JPMorgan Chase & Co. (JPM), Wells Fargo (WFC), Citigroup, (C) and the Bank of New York Mellon (BK).
Economic data in the form of the Producers Price Index (PPI) for June and Consumer Sentiment will be released on Friday morning, with both PPI and core PPI expected to rise slightly compared to May.
US President Joe Biden will host a solo news conference at 6:30 p.m. ET as he wraps up the NATO summit in Washington, DC.
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This post was written by Nicholas Jacobino
Video Transcript
Time now for to watch Friday.
July 12th starting off on earnings earnings season is back with big banks on deck ahead of the open JP Morgan Wells Fargo Citigroup.
Analysts are keeping a close eye on that interest income for all three and the banks will also provide more insight of course into the health of the consumer.
And we’ve got another inflation reading on top.
The producer index is out ahead of the open economists forecasting overall PP I as well as core PP I will increase month over month in June.
This coming after today’s consumer price index came in cooler than expected and more on the economic data from consumer sentiment for July due at 10 a.m. Eastern.
That number expected to tick up slightly to 68.5 giving us inside against the state of the consumer.
And finally, we’ll be keeping an eye on reaction to President Biden’s news conference tonight.
He is planning to take questions at 6:30 p.m. Eastern coming as Biden wraps up the NATO summit in Washington DC and will serve as another test for Biden to convince critics that he’s capable of continuing his campaign for re Election.
Read More: Bank earnings, June PPI, Biden conference: What to Watch