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Fed’s Barkin Among Biggest Macro Catalysts Today

U.S. stocks closed mostly higher on Thursday after The Estée Lauder Companies Inc. (NYSE: EL) reported better-than-expected quarterly earnings.
byLisa Levin
August 19, 2022
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U.S. stocks closed mostly higher on Thursday after The Estée Lauder Companies Inc. (NYSE:EL) reported better-than-expected quarterly earnings.

Let’s have a look at the major economic events scheduled for today.

  • Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 9:00 a.m. ET.
  • Data on e-commerce retail sales for the second quarter will be released at 10:00 a.m. ET.
  • The Census Bureau quarterly services survey report for the second quarter will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.

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Alibaba, XPeng Fall Over 1%: Hang Seng Opens Weaker As Investors Continue To Gauge Impact Of US Fed Rate Projections

By Bhavik Nair
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Hong Kong stocks opened in the red on Friday, with shares of Alibaba and XPeng falling over 1% each as investors continued to gauge the U.S. Federal Reserve’s rate projections for tackling inflation. The Hang Seng Index fell 0.34% at the open and continues to trade near its 2011 lows.

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