Fundamental Analysis and the Week Ahead May 11
ECONOMIC NEWS
In the latest news from Greece, socialist party leader Evangelos Venizelos failed to form a coalition government after hosting last-minute talks. This news all but crushing earlier hopes that the debt-ridden nation would avoid another round of elections next month. According to the US Labor Department, producer prices posted a surprising drop in April as energy costs declined.
THE WEEK AHEAD
MONDAY:
TUESDAY: CPI, retail sales, Empire state mfg survey, Treasury international capital, business inventories, housing market index
WEDNESDAY: Weekly mortgage apps, housing starts, industrial production, oil inventories, FOMC minutes
THURSDAY: Jobless claims, Philadelphia Fed survey, e-commerce retail sales, leading indicators
FRIDAY:
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
The news, for better or worse, was out of the US this week. The NFP rose much less than expected, adding just 115,000 jobs in April. This was well below expectations for 170,000 . The unemployment rate slipped to 8.1 percent. The lowest reading since January 2009.
THE WEEK AHEAD
MONDAY: Consumer credit
TUESDAY: NFIB small biz index, 3-yr note auction, McDonald’s April sales, Fed’s Fisher speaks
WEDNESDAY: Weekly mortgage apps, wholesale trade, oil inventories, 10-yr note auction, BofA shareholders mtg, Fed’s Kocherlakota speaks, Fed’s Pianalto speaks, Fed’s Plosser speaks
THURSDAY: International trade, jobless claims, import & export prices, 30-yr bond auction, Ford shareholders mtg, Fed Chairman Bernanke speaks, Fed’s Evans speaks, Fed’s Kocherlakota speaks
FRIDAY: Producer price index, consumer sentiment
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
Consumer sentiment rose slightly to 76.4 in April from 76.2 in March. Meanwhile, economic growth in the U.S. slowed in the Q1 at a 2.2 percent annual rate from the Q4 3 percent growth. Employment cost rose by 0.4 percent in Q1, but was still lower than the expected gain of 0.5 percent.
THE WEEK AHEAD
MONDAY: Personal income & spending, Chicago PMI, Dallas Fed mtg survey, farm prices
TUESDAY: ISM mfg index, construction spending, auto sales
WEDNESDAY: Weekly mortgage apps, Challenger job-cut report, ADP employment report, factory orders, oil inventories
THURSDAY: Jobless claims, productivity and costs, ISM non-mfg index, chain-store sales
FRIDAY: Government non-farm payrolls
Fundamental Weekly Analysis and the Week Ahead
ECONOMIC NEWS
Areport that showed German business sentiment rose unexpectedly for the sixth month in a row. This is a good sign as the area’s biggest economy continues to recover.
Meanwhile, yields on Spanish 10-year bonds rose again above the market-sensitive level of 6 percent and German Bunds rallied.
THE WEEK AHEAD
TUESDAY: S&P Case-Shiller home price index, new home sales, consumer confidence, FHFA home price index, 2-yr note auction, FOMC meeting begins
WEDNESDAY: Weekly mortgage apps, durable goods orders, oil inventories, FOMC meeting announcement, 5-yr note auction, Bernanke press conference
THURSDAY: Jobless claims, Chicago Fed nat’l index, pending home sales index, 7-yr note auction
FRIDAY: GDP, employment cost index, consumer sentiment
Economic News and the Week Ahead
ECONOMIC NEWS
US consumer prices rose 0.3 percent in Marc, in line with expectations. US consumer sentiment declined in early April, hurt by rising gasoline prices.
Geopolitical concerns also weighed, as Chinese growth slowed in the first quarter.
THE WEEK AHEAD
MONDAY: Retail sales, Empire state mfg survey, business inventories, housing market index, Eli Lilly shareholders mtg, Oracle vs. Google trial
TUESDAY: Housing starts, industrial, Citigroup shareholders mtg, tax day
WEDNESDAY: Weekly mortgage apps, oil inventories
THURSDAY: Jobless claims, existing home sales, Philadelphia Fed survey, leading indicators;
Fundamental Analysis and the Week Ahead March 26
ECONOMIC NEWS
Consumer spending increased to its biggest gain in seven months. Consumer sentiment rose to its highest level in more than a year.
Business activity in the midwest fell slightly in February, but still indicated a slow expansion in the regional economy.
THE WEEK AHEAD
MONDAY: ISM mfg index, construction spending, Fed’s Bullard speaks, Fed’s Pianalto speaks
TUESDAY: Factory orders, FOMC minutes, Fed’s Williams speaks, auto sales, DC/Maryland/Wisconsin primaries
WEDNESDAY: Weekly mortgage apps, Challenger job-cut report, ADP employment report, ISM non-mfg index, oil inventories, Fed’s Williams speaks
THURSDAY: Jobless claims, Fed’s Bullard speaks, chain-store sales
FRIDAY: Good Friday–markets closed/banks open, non-farm payrolls, consumer credit
Fundamental Analysis and the Week Ahead March 24th
ECONOMIC NEWS
New home sales posted an unexpected loss of 1.6 percent to a seasonally adjusted 313,000-unit annual rate in February. Economists had expected sales at a 325,000-unit rate.
THE WEEK AHEAD
MONDAY: Fed’s Plosser speaks, Bernanke speaks, Chicago Fed national activity, pending home sales index, Dallas Fed mfg survey
TUESDAY: S&P Case-Shiller home price index, consumer confidence, 2-yr note auction, Fed’s Rosengren speaks
WEDNESDAY: Weekly mortgage apps, durable goods orders, oil inventories, 5-yr note auction, Fed’s Bullard speaks
THURSDAY: GDP, jobless claims, corporate profits, Fed’s Plosser speaks, 7-yr note auction, farm prices, Fed’s Lacker speaks
FRIDAY: Personal income & outlays, Chicago PMI, consumer sentiment
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
Consumer sentiment fell in March to 74.3 from 75.3 in February.
The consumer price index increased 0.4 percent in February as gasoline prices jumped, and the core CPI was up 0.1 percent.
Industrial production was unchanged in February. This ending 3 months of increases. Capacity utilization, fell to 78.7 percent.
THE WEEK AHEAD
MONDAY: Fed’s Fisher speaks, Fed’s Dudley speaks, housing market index
TUESDAY: Housing starts, Bernanke speaks, Fed’s Kocherlakota speaks
WEDNESDAY: Weekly mortgage apps, existing home sale, oil inventories
THURSDAY: Jobless claims, FHFA home price index, leading indicators, Green Mountain Coffee shareholders mtg
FRIDAY: New home sales, Fed’s Lockhart speaks, Fed’s Bullard speaks
Fundamental Analysis and the Week Ahead (March 5- March 9)
ECONOMIC NEWS
The US trade deficit rose to $52.6 billion in January, the widest imbalance since October 2008. Imports are at an all time high. Exports were up a 1.4 percent to $180.8 billion.
Meanwhile, wholesale inventories grew 0.4 percent in January. And sales dropped 0.1 percent. Economists had forecast a 0.8 percent gain.
Employers added 227,000 jobs last month. The unemployment rate held steady at a three-year low of 8.3 percent. Economists had expected a gain of 210,000.
THE WEEK AHEAD
MONDAY: 3-yr note auction
TUESDAY: NFIB small business optimism index, retail sales, business inventories, 10-yr note auction, FOMC meeting announcement
WEDNESDAY: Weekly mortgage apps, current account, import & export prices, Ben Bernanke speaks, oil inventories, 30-yr bond auction
THURSDAY: Jobless claims, PPI, Empire state mfg survey, Philadelphia Fed survey, credit card default rates reported
FRIDAY: Quadruple witching, CPI, industrial production, consumer sentiment
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
This was a quiet news week for both the US and the world. Of note, India’s economy appears to be slowing. Growing at 6.1% in Q4. Economists had expected 6.3%. Q3 was down sharply at 6.9%.
THE WEEK AHEAD
MONDAY: Factory orders, ISM non-mfg index
TUESDAY:
WEDNESDAY: Weekly mortgage apps, Challenger job-cut report, ADP employment report, productivity & costs, oil inventories, consumer credit
THURSDAY: Jobless claims, quarterly services survey
FRIDAY: Non-farm payrolls, international trade, wholesale trade
Fundamental Analysis and the Week Ahead (Feb. 20- Feb. 24)
ECONOMIC NEWS
Greece reached a supposed bailout package. However, investors still wait on if the IMF will increase its portion of the aid.
Out of the US, the consumer sentiment index gained to 75.3 in February, its highest mark in almost a year. Meanwhile, new home sales lost 0.9 percent in January , showing 321,000-unit annual rate.
THE WEEK AHEAD
MONDAY: Pending home sales index, Dallas Fed mfg survey
TUESDAY: Durable goods orders, S&P Case-Shiller home price index, consumer confidence, Fed’s Pianalto speaks
WEDNESDAY: Weekly mortgage apps, GDP, Fed’s Fisher speaks, Chicago PMI, Bernanke speaks, oil inventories, Fed’s Plosser speaks, Beige Book
THURSDAY; Fed’s Pianalto speaks, jobless claims, personal income and spending, ISM mfg index, construction spending, Fed’s Lockhart speaks, Fed’s Williams speaks, auto sales, chain store sales, EU summit
FRIDAY: Fed’s Bullard speaks
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
US consumer prices climbed in January as gasoline prices rose. It is the index’s biggest gain in four months.Leading indicators rose in January, climbing to a 3-1/2 year high.
THE WEEK AHEAD
MONDAY: Presidents’ Day: US Markets Closed
TUESDAY: 2-yr note auction
WEDNESDAY: Weekly mortgage apps, existing home sales, 5-yr note auction
THURSDAY: Jobless claims, FHFA home price index, oil inventories, 7-yr note auction
FRIDAY: Consumer sentiment, new home sales
Fundamental Analysis and the Week Ahead
EQUTIES
NYSE Euronext narrowly beat analyst forecasts with a 13 percent profit rise to $212 million in Q4 ’11, after Deutsche Boerse’s plan to take over the transatlantic exchange was scuttled. LinkedIn surged after the online networking company beat expectations and handed in an outlook for the quarter and full-year that beat estimates. Expediafell after the online travel agency reported sales that missed and profit that was hurt by rising costs.
EQUTIES
NYSE Euronext narrowly beat analyst forecasts with a 13 percent profit rise to $212 million in Q4 ’11, after Deutsche Boerse’s plan to take over the transatlantic exchange was scuttled. LinkedIn surged after the online networking company beat expectations and handed in an outlook for the quarter and full-year that beat estimates. Expediafell after the online travel agency reported sales that missed and profit that was hurt by rising costs.
ECONOMIC NEWS
On the economic front, the trade deficit widened more than expected to $48.8 billion in December. This is the highest level since July 2008. Economists had expected the trade deficit at $48.0 billion.
And consumer sentiment index fell to 72.5. Economists expected February’s preliminary consumer sentiment index to fall to 74.5.
THE WEEK AHEAD
MONDAY: Obama outlines 2013 budget proposal
TUESDAY: NFIB small business optimism index, retail sales, import and export prices, Fed’s Plosser speaks, business inventories, 13-F filings due
WEDNESDAY: MBA mortgage applications, Empire state mfg survey, treasury international capital, industrial production, Fed’s Fisher speaks, housing market index, oil inventories, FOMC minutes, credit card default rates reported
THURSDAY: Housing starts, jobless claims, PPI, Bernanke speaks at FDIC hearing, Philadelphia Fed survey
FRIDAY: CPI, leading indicators
ECONOMIC NEWS
On the economic front, the trade deficit widened more than expected to $48.8 billion in December. This is the highest level since July 2008. Economists had expected the trade deficit at $48.0 billion.
And consumer sentiment index fell to 72.5. Economists expected February’s preliminary consumer sentiment index to fall to 74.5.
THE WEEK AHEAD
MONDAY: Obama outlines 2013 budget proposal
TUESDAY: NFIB small business optimism index, retail sales, import and export prices, Fed’s Plosser speaks, business inventories, 13-F filings due
WEDNESDAY: MBA mortgage applications, Empire state mfg survey, treasury international capital, industrial production, Fed’s Fisher speaks, housing market index, oil inventories, FOMC minutes, credit card default rates reported
THURSDAY: Housing starts, jobless claims, PPI, Bernanke speaks at FDIC hearing, Philadelphia Fed survey
FRIDAY: CPI, leading indicators
The Week Ahead
ECONOMIC NEWS
The US economy added 243,000 new jobs in January, this is the biggest gain since April 2011. This blew by estimates of 150,000. The unemployment rate slipped to 8.3 percent.
The consumer sentiment index rose to a 11-month high in January, climbing to 75, from December’s 69.9. Out of europe, UK services PMI jumped to a 10-month high.
THE WEEK AHEAD
MONDAY: No economic news
TUESDAY: 3-yr note auction, consumer credit
WEDNESDAY: Mortgage applications, oil inventories, Fed’s Williams speaks, 10-yr note auction
THURSDAY: BoE announcement, ECB announcement, jobless claims, wholesale trade, 30-yr bond auction
FRIDAY: International trade, consumer sentiment
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
Fitch is downgrading downgrading Italy, Spain, Belgium, Cyprus and Slovenia, on economic headwinds from the euro zone’s debt crisis. Out of the USthe GDP expanded at a 2.8 percent annual rate, logging its fastest pace in 1-1/2 years in Q4. However, this missedexpectations for a 3.0 percent gain.
The consumer sentiment index rose to a 11-month high in January, climbing to 75, from December’s reading of 69.9.
THE WEEK AHEAD
MONDAY: Personal income & spending, Dallas Fed mfg survey
TUESDAY: Employment cost index, S&P Case-Shiller home price index, Chicago PMI, consumer confidence, Florida GOP Primary vote
WEDNESDAY: Weekly mortgage applications, Challenger job-cut report, ADP employment report, Fed’s Plosser speaks, ISM mfg index, construction spending, oil inventories, auto sales
THURSDAY: Jobless claims, productivity and costs, Fed’s Fisher speaks, chain-store sales
FRIDAY: Employment situation, factory orders, ISM non-mfg index
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
Out of europe, debt ridden Greece is in talks with private creditors over the details of a haircut on some of its bonds. Out of the US, existing home sales rose 5 percent in December. This gauge is now hitting a 11-month high. it is also seeing its third-straight month of an increase.
THE WEEK AHEAD
MONDAY: EU finance ministers meet in Brussels
TUESDAY: 2-yr note auction, FOMC meeting begins, Obama’s State of the Union address
WEDNESDAY: Weekly mortgage apps, FHFA house price index, pending home sales, oil inventories, FOMC meeting announcement, Bernanke press conference
THURSDAY: Durable goods orders, jobless claims, new home sales, leading indicators, 7-yr note auction
FRIDAY: GDP, consumer sentiment
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
In the US, the trade deficit totaled $47.8 billion. This number ended up widening in November. This is the widest it has been in nearly 5 months. Europe saw France lose its AAA credits rating. Austria was also cut and Italy is now on the brink of junk status.
THE WEEK AHEAD
MONDAY: MLK Day—All US Markets Closed
TUESDAY: Empire state mfg survey
WEDNESDAY: Weekly mortgage apps, PPI, industrial production, housing market index
THURSDAY: CPI, housing starts, jobless claims, oil inventories
FRIDAY: Existing home sales
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
US Non-farm payrolls came in at an unexpected high of 200,000 in December. This ended up lowering the jobless rate to a near three-year low of 8.5 percent. Economists expected a gain of 150,000.
THE WEEK AHEAD
MONDAY: Atlanta Fed Pres Dennis Lockhart speaks, consumer credit, Sarkozy/Merkel meet
TUESDAY: NFIB small biz optimism index, wholesale trade, San Francisco Fed Pres John Williams speaks, Kansas City Fed Pres Esther George speaks, 3-yr note auction, New Hampshire Primary
WEDNESDAY: Weekly mortgage apps, Atlanta Fed Pres Dennis Lockhart speaks, oil inventories, Philadelphia Fed Pres Charles Plosser speaks, 10-yr note auction, Beige Book, Monti/Merkel meet
THURSDAY: BoE announcement, ECB announcement, jobless claims, retail sales, business inventories, 30-yr bond auction
FRIDAY: International trade, import & export prices, consumer sentiment, Richmond Fed Pres Jeffrey Lacker speaks
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
This was a quiet non event week as most government offices were closed for the Holidays.
THE WEEK AHEAD
MONDAY: New Year’s Day observed—All markets closed
TUESDAY: ISM mfg index, construction spending, FOMC minutes
WEDNESDAY: Weekly mortgage applications, Challenger job-cut report, factory orders, auto sales
THURSDAY: ADP employment report, jobless claims, ISM non-mfg index, oil inventories, chain-store sales
FRIDAY: Non-farm payrolls
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
The US Congress approved a two month extension of a payroll tax cut for 160 million workers that would have expired on December 31. The resolution, if only temporary, removes a market headwind that investors said could have hit growth next year.
New US single family home sales rose to a seven month high in November and the supply of houses on the market was the lowest in 5-1/2 years. The data added to signs of a budding recovery in the sector.
Earlier, consumer spending and personal income rose by a modest 0.1 percent in November, which was below market expectations, while the headline 3.8 percent increase in durable goods orders last month masked a decline in a crucial investment measure.
THE WEEK AHEAD
Dec 27 Case-Shiller 20-city Index
Dec 27 Consumer Confidence
Dec 28 MBA Mortgage Index
Dec 29 Continuing Claims, Chicago PMI, Pending Home Sales, Crude Inventories
Dec 30 Chicago PMI
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
The US Congress approved a two month extension of a payroll tax cut for 160 million workers that would have expired on December 31. The resolution, if only temporary, removes a market headwind that investors said could have hit growth next year.
New US single family home sales rose to a seven month high in November and the supply of houses on the market was the lowest in 5-1/2 years. The data added to signs of a budding recovery in the sector.
Earlier, consumer spending and personal income rose by a modest 0.1 percent in November, which was below market expectations, while the headline 3.8 percent increase in durable goods orders last month masked a decline in a crucial investment measure.
THE WEEK AHEAD
Dec 27 Case-Shiller 20-city Index
Dec 27 Consumer Confidence
Dec 28 MBA Mortgage Index
Dec 29 Continuing Claims, Chicago PMI, Pending Home Sales, Crude Inventories
Dec 30 Chicago PMI
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
Credit rating agency Fitch told the Euro zone it thinks a comprehensive solution to the bloc’s debt crisis is beyond reach, as it put an number of the zone’s economies including France and Italy on watch for potential downgrades.
However, Fitch did reaffirm France’s top-notch triple-A rating but even here said the outlook was now negative over a longer term.
US consumer prices were flat in November as Americans paid less for cars and gasoline. This could be a further sign of a cooldown in inflation that could give the Federal Reserve more room to help a still weak economy. The Consumer Price Index was unchanged last month. Economists had expected an increase of 0.1 percent.
Prices rose 3.4 percent in the 12 months through November. That is off from the 3-year high of 3.9 percent clocked in September, and Friday’s report backs the view that the spike in inflation is ebbing. However, some of the data in the report could give pause to policymakers still worried about inflation. Outside food and energy, prices climbed 0.2 percent. These so called core prices rose 2.2 percent in the 12 months through November, up from 2.1 percent in October.
THE WEEK AHEAD
Dec 19: NAHB Housing Market Index
Dec 20: Housing Starts Nov, Building Permits
Dec 21: MBA Mortgage Index, Existing Home Sales, Crude Inventories
Dec 22: Initial Claims, Continuing Claims, GDP – Third Estimate. GDP Deflator – Third Estimate, Michigan Sentiment – Final, Leading Indicators, FHFA Housing Price Index
Dec 23: Durable Orders. Durable Goods Orders -ex Transportation, Personal Income, Personal Spending, PCE Prices – Core, New Home Sales
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
US consumer sentiment climbed to 67.7. This number gaining for the fourth consecutive month. Economists expected a reading of 65.5.
Also,US trade deficit narrowed in October to $43.5 billion. It is at its lowest in 10 months. The result was in line with estimates. However, September trade deficit was revised to $44.2 billion from $43.1 billion.
THE WEEK AHEAD
MONDAY: 3-yr note auction, Treasury budget, FedEx’s busiest shipping day, Google’s Schmidt speaks in DC
TUESDAY: NFIB small biz optimism index, retail sales, business inventories, 10-yr note auction, FOMC mtg announcement, GE annual outlook meeting
WEDNESDAY: Weekly mortgage applications, import & export prices, oil inventories, 30-yr bond auction, OPEC meeting
THURSDAY: Jobless claims, PPI, Empire state mft survey, current account, Treasury international capital, industrial production, Philadelphia Fed survey, credit card default rates reported
FRIDAY: CPI, quadruple witching
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
The big news was out of the US as Non-farm payrolls increased 120,000 last month, while the jobless rate declined to a 2-1/2 year low of 8.6 percent. Economists had expected for a gain of 122,000.
Also helping, news out of Europe was that a report that the ECB may be preparing to lend as much as 200 bullion Euros ($270 billion) to the IMF to ease the sovereign debt crisis
THE WEEK AHEAD
MONDAY: Factory orders, ISM non-mfg index, Fed’s Evans speaks, Biden meets with Papandreou
TUESDAY:
WEDNESDAY: Weekly mortgage applications, quarterly services survey, oil inventories, consumer credit
THURSDAY: BoE announcement, ECB announcement, McDonald’s sales report, jobless claims, wholesale trade
FRIDAY: International trade, consumer sentiment, Greek short selling ban expires, EU summit
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
In Europe, S&P downgraded Belgium one notch to AA from AA-plus, further heightening worries over the Euro zone debt problems.
Earlier, EU officials said Euro zone member states were discussing dropping private sector involvement from the permanent bailout mechanism.
An Italian T-bill auction offered a fresh indication of investors’ lack of confidence in the country’s newly appointed government and broad fears that the Euro zone debt crisis cannot be contained. Yields rose to new Euro era highs.
THE WEEK AHEAD
MONDAY: New home sales, Dallas Fed mfg survey
TUESDAY: S&P Case-Shiller home price index, consumer confidence, FHFA home price index, Fed’s Kocherlakota speaks, Fed’s Yellen speaks;
WEDNESDAY: Weekly mortgage applications, Challenger job-cut report, ADP employment report, productivity & costs, Chicago PMI, pending home sales index, oil inventories, Beige Book, farm prices, AT&T/TMobile hearing, USDA’s agricultural trade outlook
THURSDAY: Jobless claims, ISM mfg index, construction spending, chain store sales, auto sales
FRIDAY: Employment situation, Fed’s Plosser speak
Fundamental Analysis and Week Ahead
ECONOMIC NEWS
Economic activity in the US climbed 0.9 percent in October. This is a sixth straight gain, according to the Conference Board. Economists had expected the index to rise 0.6 percent. In Europe, new ECB President Mario Draghi urged Euro zone governments to jump start the region’s rescue funds. This move is resisting pressure on the bank to do more to tackle the debt crisis.
THE WEEK AHEAD
MONDAY: Chicago Fed nat’l activity index, existing home sales, 2-yr note auction, Fed’s Lockhart speaks
TUESDAY: GDP, corporate profits, 5-yr note auction
WEDNESDAY: Weekly mortgage applications, durable goods orders, personal income & outlays, jobless claims, consumer sentiment, oil inventories, 7-yr note auction, FOMC minutes, Super Cmte. must vote on detailed recommendations
THURSDAY: Thanksgiving Day: All US markets closed
FRIDAY: Black Friday, NYSE early close, Fed balance sheet, money supply, USDA food prices outlook
- David Frank
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
US employment rose 80,000 in October. This was less than a gain of 95,000 that economists had expected. However, the jobless rate slipped to a six month low of 9 percent. Also, an upward revision to the prior months’ job gains pointed to a possible gain of strength in the jobs market.
THE WEEK AHEAD
MONDAY: Consumer credit
TUESDAY: NFIB small biz optimism index, 3-yr note auction, EU finance ministers meet
WEDNESDAY: Weekly mortgage apps, wholesale trade, oil inventories, 10-yr note auction
THURSDAY: International trade, jobless claims, import & export prices, 30-yr bond auction
FRIDAY: US Holiday—Veteran’s Day. Markets open, banks closed. Consumer sentiment, French short sale ban ends
- David Frank
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
It was announced that policymakers would make progress on a solution to the Euro zone debt crisis in the coming days.
France and Germany said in a joint statement that European leaders would discuss a global solution to the crisis on Sunday. No decisions would be adopted before a second meeting by Wednesday at the latest.
THE WEEK AHEAD
MONDAY: Chicago Fed national activity index
TUESDAY: S&P/Case-Shiller home price index, consumer confidence, FHFA house price index, 2-yr note auction, USDA food prices outlook
WEDNESDAY: Weekly mortgage applications, durable goods orders, new home sales, oil inventories, 5-yr note auction
THURSDAY: GDP, jobless claims, pending home sales index, 7-yr note auction, Motorola begins pre-orders for Droid Razr on Verizon;
FRIDAY: Personal income & outlays, employment cost index, consumer sentiment
- David Frank
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
Consumer sentiment improved slightly in late September. This is according to the Thomson Reuters/University of Michigan survey. And business activity in the US Midwest grew more than expected this month. China’s manufacturing sector contracted for a third consecutive month in September. This is strongly suggesting that the world’s second-largest economy may not be immune to global headwinds.
THE WEEK AHEAD
MONDAY: ISM mfg index, construction spending, Fed’s Lacker speaks, Oracle Open World, Supreme Court starts new term
TUESDAY: Factory orders, Bernanke speaks, Apple iPhone event, auto sales
WEDNESDAY: Weekly mortgage apps, Challenger job-cut report, ADP employment report, IS non-mfg index, oil inventories
THURSDAY: BoE announcement, ECB announcement, jobless claims, chain-store sales
FRIDAY: Non-farm payroll, wholesale trade, consumer credit
- David Frank
Fundamental Analysis and the Week Ahead
ECONOMIC NEWS
On the economic front, the US economy grew much slower than expected in Q2 as GDP rose at an annual rate of 1 percent. Meanwhile, consumer sentiment edged up from its mid-August level but was still near recession-era lows.
THE WEEK AHEAD
MONDAY: Personal income and spending, pending home sales index, Dallas Fed Mfg survey
TUESDAY: S&P Case-Shiller home price index, consumer confidence, Fed’s Kocherlakota speaks, FOMC minutes
WEDNESDAY: Weekly mortgage apps, Challenger job-cut report, ADP employment report, Chicago PMI, factory orders, oil inventories, USDA’s agricultural trade outlook
THURSDAY: Weekly jobless claims, productivity and costs, ISM Mfg index, construction spending, chain store sales, auto sales
FRIDAY: Non-farm payroll
| Novl | 0.00 | ||
| Microsoft Corpora | 29.72 | ||
| Intel Corporation | 26.19 | ||
| Pfizer, Inc. Comm | 22.56 | ||
| Google Inc. | 623.05 | ||
| Apple Inc. | 530.12 | ||
| Bp P.l.c. Common | 37.50 | ||
| General Electric | 18.88 | ||
| Exxon Mobil Corpo | 81.91 | ||
| Ebay Inc. | 39.03 | ||