Economic Calendar for the week of Nov. 28 – Dec. 2
As investors and traders we need to stay on top of the moves of the major indices, leading and lagging sectors and of course the stocks, options, or ETF;s that we may be trading. One thing many new traders and even some that have been at it for a while tend to over look are the weekly economic indicators. These bits of data can and many times do set the mood for the markets that day and we should at very least be mindful of when they are due and what they mean.
Below is a list of some of the economic indicators due out this coming week of Nov. 28 thru Dec. 2. As always if you would like to discuss any of the content in this article please email me at firstname.lastname@example.org
Monday November 28th:
New Home Sales for Oct. 2011 at 10:00 am ET.
This measures the newly constructed homes during that month that have a been sold or have a committed sale pending. September we saw a increase of over 5% but also saw the average sale price decline. Expected new home sales for October are in the 300k range.
Treasury Bill Auction
We have 1 month 3 month and 6 month bills on Monday, the news of demand will be released between 11 and 11:30am ET.
Low yields which is what we currently have are a sign of economic weakness where higher yields are usually seen during times of economic expansion.
Tuesday November 29th:
ICSC- Goldman Store Sales at 7:45am ET.
This is weekly data provided by the International Council of Shopping Centers and Goldman Sachs and measure same store sales of the major retail store chains. This gives us a good read on consumer spending.
Also at 8:55 ET. we have a similar reading from the Redbook Research, these 2 indicators are important as 2/3 of the economy is based on consumer spending.
The S&P Case Shiller due out at 9:00 am ET.
Measures the change in value of residential real estate in 20 metro regions across the US. This indicator has slumped the past 2 months indicating a slight drop in prices.
Consumer Confidence for November due at 10:00 am ET.
This data also slumped last month with a 6.5 pt. drop and measures he confidence based on current business and employment as well as their outlook over the next 6 months..3,000 households are surveyed each month across the country.
FHFA House Price Index due at 10:00 am ET.
The Federal Housing Finance Agency (FHFA) covers single-family housing, using data provided by Fannie Mae and Freddie Mac, It covers home purchases with mortgages financed or bundled by federal housing agencies.
State Street Investors Confidence due at 10:00 am ET.
This indicator basically measure investors risk tolerance by guaging the change in expousure to equities in their portfolio’s with the mindset being during high levels of confidence investors are willing to take on more risk and during economic weakness take on less risk.
Wednesday November 30th:
ADP Empolyment Report due at 8:15 am ET.
This a report of private industrial sector and can give insight as to what the Friday employment report may be.
Productivity and Costs due at 8:30 am ET.
Productivity measures the growth of labor efficiency in producing the economy’s goods and services. Unit labor costs reflect the labor costs of producing each unit of output.
Chicagp PMI due at 9:45 am ET.
A Chicago area survey of manufacturing and non- manufacturing firms.
Readings above 50% indicate a healthy and expanding business sector, the estimate for this months reading is 58%.
Pending Home Sales due at 10:00 am ET.
The National Association of Realtors index measures existing homes that are in contract but not yet closed on. New home sales are excluded.
We also have EIA ( Energy Information Agency) petroleum inventories at 10:30 am ET.
Thursday December 1st
Chain Store Sales , provides a monthly look at sales volumes reported the first thursday of each month.
Motor Vehicle Sales , a monthly report of domestic and total vehicle sales this month domestic annual sales range 10.3 million and total annualized sales of 13.4 million.
Jobless Claims due at 8:30 am ET. a weekly report of the number of people that filed for first time unemployment benifits,, estimated range is between 390 and 405k.
ISM Manufacturing Index due at 10:00 am ET., a monthly report by the Institute of Supply Managment measures employment, production, new orders, supplier deliveries, and inventories.
Construction Spending due at 10:00 am ET. a monthly measure of construction spending on residential and non residential as well as public projects. estimates are expected to show little gain.
We also have EIA Natural Gas weekly report on inventories at 10:30 am ET. as well as the weekly Money Supply data at 4:30 pm ET.
Friday December 2nd
Monster Employment Index a monthly look at online job demend provided by Monster Worldwide Inc.
Employment Numbers due at 8:30 am ET. a monthly report of non-farm payrolls, unemployment rate, average hours worked, average hourly earnings change, and private payrolls.
Also this week we will have the ISM mfg globally. More over we will have the European bond auctions next week. We will also have the Chinese ISM mfg likely on Thursday morning. It can be very important after the weak HSBC Bank survey. The German, Italian bond auctions were quite weak this week and Belgium, Hungary were downgraded this week.
Please see related articles from Market Watch
Also one from Business ETC.
All USA data source from Bloomberg and European and Global data sent to me by George Orsos a good friend from Hungary.
That is all for now
Best Wishes, $$$,, ET
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