The day ahead: Wednesday

August 18, 2009

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.
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