The day ahead: Wednesday
Light on economic data, investors will look to a smattering of quarterly results and the UBS tax case for direction. Below are the key points for the day:
- Deere & Co, the world’s largest maker of tractors and harvesters, reports second-quarter earnings. Results from rivals show farmers in North America holding back on equipment purchases despite strong crop prices because of economic uncertainty.
- Retailers reporting include warehouse club operator BJ’s Wholesale Club and specialty store operator Limited Brands, giving investors another cross-section view of the consumer’s willingness to open up her wallet.
- More details of a landmark settlement of the U.S. tax case against UBS could emerge, with the Swiss cabinet having held its first regular meeting following the summer recess, industry insiders said.