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This Is What You Need to Watch Thursday

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Earnings from Macy’s and Kohl’s and weekly jobless claims data roll out ahead of Wall Street’s opening bell Thursday.

But the risk off mood set by oil and the continued reach for yield in the bond market could also be factors for stocks Thursday. There is a $15 billion 30-year bond auction at 1 p.m. EDT, which could be well received if it follows the pattern in Wednesday’s 10-year note auction.

Chinese online retailing giant Alibaba also reports earnings ahead of the bell, and its revenues are expected to jump nearly 50 percent from last year, and earnings should grow about 13 percent, according to Thomson Reuters.

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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