Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

A Look Ahead: Next Week's Market Moving Events


Both GDP and jobless claims will be released next Thursday.

MINYANVILLE ORIGINAL Better than expected economic news in the form of strong Chinese Manufacturing data, lower-than-forecast US jobless claims, and declining consumer prices helped markets offset fiscal cliff-related anxieties that are likely to plague markets through the rest of the year.

Next week's market-moving events:
  • Monday: Before markets open, at 8:30 a.m, investors will get the Empire State Manufacturing data.
  • Tuesday: At 10:00 a.m. the Housing Market Index figures are released.
  • Wednesday: Housing starts are released at 8:30 a.m., followed by the EIA Petroleum Status at 10:00 a.m. Expect political news relating to the fiscal cliff to dominate sentiment, as today marks the last "official" day before Congress adjourns for the holiday season.
  • Thursday: GDP and jobless claims are released at 8:30 a.m., followed by Existing Home Sales and the Philly Fed Data at 10:00 a.m. Unless figures are significantly off expectations, don't expect much of a reaction.
  • Friday: The consumer sentiment figures at 9:55 a.m. are the only meaningful news of the day. Traders and market participants are getting set to leave for the Christmas holiday, so expect light volume.
The Trade: Based on increasingly positive Chinese and US data, expect a market rally upon the resolution of fiscal cliff-related worries, which have continued to outweigh better-than-expected economic data. Expect manufacturing, industrial, and consumer goods shares to lead the rally.

Follow Oliver Pursche on Twitter: @opursche.
< Previous
  • 1
Next >
No positions in stocks mentioned.
Featured Videos