The day ahead: Thursday

August 26, 2009

Offsetting upbeat economic data earlier in the week, investors brace for a revised down U.S. Q2 GDP number foretelling a lengthy and fragile economic recovery.

* The second reading of the U.S. Q2 GDP is expected to result in a downward revision to minus 1.5 percent on an inflation-adjusted annualized basis, compared with an original reading of minus 1.0 percent.

* The Federal Deposit Insurance Corp holds its regular quarterly briefing on its outlook for bank failures and the state of the deposit insurance fund.

* Quarterly results are expected from American Eagle, Novell and Bebe Stores.

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/