Turkey On My Mind

+  Intro: Investors will be watching turning their attention to speeches by Janet Yellen and other FOMC members, as well as a ECB meeting later in the week. Traders will also be turning their attention to the Nonfarm Payrolls and Unemployment Rate at the end of the week

+  Non-Farm Payrolls & Unemployment Rate: On Friday (12/3), Non-Farm Payrolls and the Unemployment Rate are released.). Traders will be looking to the results as a measure of the strength of the U.S. economy

+  Janet Yellen: On Wednesday (12/2) Janet Yellen is due to give 2 speeches during the day in Washington DC. One of the speeches is on the US economic outlook. Janet is also scheduled to testify on Thursday (11/3) about monetary policy before the Joint Economic Committee. Investors will continue to look for hints in Janet’s speeches as to the timing of the first rate hike, potentially later on in December

+  FOMC Speeches: In addition to speeches by Janet Yellen, multiple FOMC members will be giving speeches throughout the week. Investors will be listening to ongoing speeches for hints regarding timing of rate rises and trajectory. Any hints as to timing has the potential to see yields spike higher

+  OPEC Meetings: On Friday (12/4), OPEC meets in Vienna. Investors will be looking for any clues as to plans by the Saudis on their oil output. If we do not see any consensus from its members regarding slowing oil output, expect the status quo. If OPEC decides to cut production between its members, we can expect a spike in the price of oil

+  ECB: On Thursday (12/3), the European Cnetral Bank will meet. The bank is expected to announce fresh monetary easing measures via its current bond-buying program. Any announcement of additional QE will send European stocks higher and the Euro lower against the US Dollar.

+  Syria: Investors will be watching the latest out of Syria and the geo political developments between the Western allies and Russia. Should we see some type of incident, as we witnessed with Tukey and Russia, we can expect to see global markets temporarily fall

+  Black Friday & Cyber Monday: Investors will get their first readings into how Black Friday and Cyber Monday sales went over the course of the week. Should sales disappoint, we can see certain retailers fall on the news. Conversely, if sales beat expectations, we can see a spike in certain firms  

 

MONDAY (11/30)

  • 9:45 AM ET – Chicago PMI - Nov
  • 10:00 AM ET – Pending Home Sales - Oct

 

TUESDAY (12/1)

  • 10:00 AM ET - ISM Index - Nov
  • 10:00 AM ET - Construction Spending - Oct
  • 5:00 PM ET - Auto Sales - Nov
  • FOMC Member Charles Evans Speaks
  • China Manufacturing PMI
  • Caixin Final Manufacturing PMI
  • Reserve Bank of Australia Rate Statement
  • Bank of England Stress Tests Results
  • European Final Manufacturing PMI
  • Great Britain Manufacturing PMI
  • Bank of England Governor Mark Carney Speaks
  • Canada GDP
  • New Zealand GDT Price Index

 

WEDNESDAY (12/2)

  • 8:15 AM ET – ADP Employment Change - Nov
  • 8:30 AM ET – Productivity– Q3
  • 10:30AM ET – Crude Oil Inventories
  • 2:00 PM ET – Fed’s Beige Book – Nov
  • Reserve Bank of Australia Governor Glenn Stevens Speaks
  • Australia GDP
  • Great Britain Construction PMI
  • FOMC Member Lael Brainard Speaks
  • Fed Chair Janet Yellen Speaks
  • Bank of Canada Rate Statement
  • FOMC Member John Williams Speaks
  • Earnings: Avago

 

THURSDAY (12/3)

  • 8:30 AM ET - Weekly Jobless Claims
  • 10:00 AM ET – Factory Orders – Oct
  • 10:00 AM ET – ISM Services - Nov
  • Australia Trade Balance
  • Great Britain Services PMI
  • ECB Press Conference
  • FOMC Janet Yellen Testifies
  • FOMC Member Stanley Fischer Speaks
  • Earnings: Medtronic, Kroger

 

FRIDAY (10/4)

  • 8:30 AM ET - Nonfarm Payrolls - Nov
  • 8:30 AM ET - Unemployment Rate - Nov
  • 8:30 AM ET - Hourly Earnings – Nov
  • 8:30 AM ET - Trade Balance - Nov
  • Australia Retail Sales
  • OPEC Meetings