Jobs, earnings on tap this week
This week's calendar brings key employment numbers and the
beginning of earnings season.
Today's reports include service sector data for Europe and the United States after manufacturing reports last week. Composite purchasing managers indexes will be released early in the session for Germany, France, and the Eurozone. Then at 10 a.m. ET, the Institute for Supply Management releases its index for the U.S. Economists expect a reading of 54.6, up from 53.9 the previous month.
The Commerce Department announces factory orders for November at the same time, but those are less important because they cover a period of time further in the past. Consensus forecasts are looking for a gain of 1.7 percent, compared with contraction of 0.9 percent in October.
Tomorrow brings U.S. trade numbers in the morning, along with results from Micron Technology and Apollo Group in the afternoon.
Employment data starts flowing Wednesday with ADP's monthly private-sector payrolls report. Crude-oil inventories follow later in the morning and minutes from the Federal Reserve's last meeting come in the afternoon. Monsanto and Constellation brands report before the opening bell, while Bed Bath & Beyond follows after the close.
Thursday features initial jobless claims, natural-gas inventories, Family Dollar's results in the morning and Alcoa in the afternoon.
It winds up Friday morning with the Labor Department's key monthly non-farm payrolls report.
Given that the fourth quarter is now completed, other companies may preannounce results this week.