The Week Ahead Sees Job's Friday
1.Geopolitical and Fiscal Events. Monday sees British Prime Minister Theresa May hold discussions with the EC and EU on Brexit. Wednesday sees the Bank of Canada announce its latest interest rate decision. Thursday sees ECB hold a news conference on Basel banking reforms.
2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications, jobless claims and factory orders, nonfarm payrolls, unemployment rate and Michigan Sentiment.
3.Earnings Releases. Notable releases include GWPH COUP BMO AZO AVGO LULU DG COO MTN TTC.
Monday, December 4
October Factory Orders are released at 10:00 a.m. EST and are expected to fall to -0.4% from 1.4%.
British Prime Minister Theresa May meets with European Commission President Jean-Claude Juncker and Michael Barnier, the European Union’s chief Brexit negotiator.
Tuesday, December 5
Fibria Celulose (FBR) and Brixmor Property Group (BRX) holds their analyst meetings and are both Type 4 Long Squeezes.
Wednesday, December 6
The Bank of Canada announces its latest interest rate decision
ADP Employment Survey is due out at 8:15 a.m. EST and is expected to fall to 190,000 from 235,000.
Thursday, December 7
The European Central Bank (ECB) holds a press conference on Basel banking reforms.
Friday, December 8
November Nonfarm Payrolls are due out at 8:30 a.m. EST and are expected to fall to 186,500 from 261,000. The unemployment rate is expected to remain at 4.1%.
At 10:00 a.m. EST, November Michigan Sentiment is due out and expected to rise to 99.3 from 98.5.
Watch for a partial government shutdown if Congress fails to pass a bill funding the government.