There are only minor reports on today's event calendar.
The New York Federal Reserve will publish its regional Empire
manufacturing index at 8:30 a.m. ET. Economists forecast a reading
of 4.3, up from 1.5 in October. While the report doesn't generally
affect sentiment, it is a useful forward-looking indicator.
Export and import prices come from the Commerce Department at the
same time, but they usually don't affect trading.
The national Federal Reserve releases industrial production at 9:15
a.m. ET, but it's unlikely to sway sentiment because the numbers
cover the previous month of October.
Next week begins quietly as well, with nothing on Monday except
quarterly results before the opening bell from companies including
Tyson Foods and Urban Outfitters. Salesforce.com, Brocade
Communications, and Jacobs Engineering follow in the afternoon.
Tuesday brings international data: German's Zew survey of economic
sentiment in the morning and the Bank of Japan's monetary
announcement in the evening.
Wednesday is the busiest day, with U.S. retail sales for October,
initial jobless claims, consumer prices, existing-home sales, and
minutes from the last Fed meeting. There is advance Chinese
manufacturing data in the evening and similar European numbers
Thursday also brings initial jobless claims, producer prices, and
the Philadelphia Fed's regional activity index.
Next week concludes with German data early Friday: gross domestic
product and the Ifo investment-sentiment index.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.