RSS Feed by Calculated Risk on 11/07/2010 01:30:00 PM
Sunday, November 07, 2010
Schedule for Week of Nov 7th
A light week for economic releases. The trade report on Wednesday is probably the key release and could lead to a revision in Q3 GDP.
Association of American Railroads rail traffic indicators for October. Trucking, rail traffic and the Ceridian diesel fuel index are all measures of transportation (a coincident indicator).
AM: New York Fed: U.S. Credit Conditions for Q3. This is a new quarterly report from the New York Fed.
7:30 AM: NFIB Small Business Optimism Index for October. This index has been showing small businesses remain pessimistic and the survey shows that the major concern is the lack of customers.
9:00 AM: Ceridian-UCLA Pulse of Commerce Index™ This is the diesel fuel index for October (a measure of transportation).
10:00 AM: Monthly Wholesale Trade: Sales and Inventories for September. The consensus is 0.6% increase in inventories.
10:00 AM: Job Openings and Labor Turnover Survey for September from the BLS. This report has been showing very little turnover in the labor market and few job openings.
7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. This index declined sharply following the expiration of the tax credit, and the index has only recovered slightly over the last couple months - suggesting reported home sales through at least November will be very weak.
8:30 AM: Trade Balance report for September from the Census Bureau. The consensus is for the U.S. trade deficit to decrease to $45 billion (from $46.3 billion in August).
8:30 AM: The initial weekly unemployment claims report will be released. Consensus is for a decline to 450,000 from 457,000 last week. (released a day early).
Veteran's Day: Stock Market Open
9:55 AM: Reuters/University of Mich Consumer Sentiment preliminary for November. The consensus is for a slight increase to 69.0 from 67.7 in October.
After 4:00 PM: Perhaps the FDIC will have another busy Friday afternoon ...
