alcoa's earnings after market closes, page-8

hi pj..

currently after hours Alcoa being hammered down 8%.

also tomorrow morning U.S time at 8.30am market moving data on:

International Trade

Market Consensus Before Announcement
The U.S. international trade gap in October widened to $57.2 billion from a $56.6 billion deficit in September. The latest widening in the trade deficit was led by the oil deficit which grew to $32.7 billion from $31.9 billion in September. The nonoil goods deficit actually shrank an incremental amount - to $35.6 billion from $35.7 billion in September. In the latest month, the disconcerting part of the report was another drop in exports. In October, exports declined 2.2 percent while the larger imports component slipped 1.3 percent. Looking ahead, we will see dueling softness in both exports and imports as demand is weakening in both the U.S. and overseas. But another drop in oil import prices is likely to result in at least a temporary shrinkage in the U.S. deficit. This month there is a larger than usual forecast range.

International trade balance Consensus Forecast for November 08: -$51.5 billion
Range: -$58.0 billion to -$39.0 billion

Definition
The international trade balance measures the difference between imports and exports of both tangible goods and services. Imports may act as a drag on domestic growth and they may also increase competitive pressures on domestic producers. Exports boost domestic production.