The Week Ahead: It Is All About Brexit Vote On Tuesday
The, Russell 2000, NASDAQ 100, S&P 100 and the Dow Jones Industrial Average were lower for the week.
1.Geopolitical and Fiscal Events. Tuesday sees the British Parliament vote on Prime Minister May’s Brexit plan. Thursday sees the European Central Bank (ECB) announce its latest interest rate decision.
2.Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as PPI, CPI, retail sales and industrial production.
3.Earnings Releases. Notable releases this upcoming week include CASY SFIX AEO PLAY DSW NDSN ABM ADBE COST CIEN.
Monday, December 10
No events of note.
Tuesday, December 11
November PPI is due out at 8:30 a.m. EDT and is expected to fall to 0.0% from 0.6%.
The British Parliament votes on Prime Minister May’s Brexit plan and it is expected to be voted down.
The latest NYSE and NASDAQ Short Interest is due out after the close and in the latest period the S&P 500 rose 0.79%.
Wednesday, December 12
November CPI is due out at 8:30 a.m. EDT and is expected to fall to 0.0% from 0.3%.
Thursday, December 13
The European Central Bank (ECB) announces its latest interest rate decision at 7:45 p.m. EDT and press conference at 8:30 a.m. EDT.
Friday, December 14
November Retail Sales are due out at 8:30 a.m. EDT and are expected to fall to 0.2% from 0.8%.
November Industrial Production is due out at 9:15 a.m. EDT is expected to rise to 0.3% from 0.1%.