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.