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Trading Radar: China GDP Target and ECB Rate Decision Will Be Highlights of Next Week
Economics, earnings reports, and market events for the week ahead.
Michael Sedacca    

The S&P 500 (INDEXSP:.INX) was finally able to breach its record high on Thursday after a number of failed attempts over the past two weeks. US equity markets did reach or maintain overbought conditions on daily, weekly, and monthly bases.

Next Friday (March 7) the February nonfarm payrolls report will be released. Payrolls are expected to rise 150,000 in the month after gaining 113,000 in January. The unemployment rate is forecast to remain unchanged at 6.6%. Other notable reports scheduled for the coming week are the February national ISM manufacturing and services indexes, auto sales, and January personal spending and income.

The ECB will meet for its monthly monetary policy decision this coming Thursday (March 6). Due to tightening money market conditions in the eurozone, there has been increased speculation that the ECB will take steps to provide liquidity. Some of those options include long-term bank loans, ceasing the practice of sterilizing existing sovereign bond holdings, an interest rate cut, or a deposit rate cut. The ECB has previously stated that if the Bundesbank would publicly endorse not sterilizing its bond holdings anymore, then it could move forward with that plan. If the ECB did stop sterilizing its holdings, then this would add back about $240 billion in cash to the European financial system.

China's National People's Congress will meet next Wednesday (March 5) and release its formal 2014 growth estimates. Most economists expect China to lower its expectations to between 7% and 7.5%. Later tonight, the official February Chinese manufacturing PMI will be released. Economists are expecting a slight decline to 50.1 from 50.5 in the month prior. Earlier this month the preliminary Markit manufacturing gauge dropped to 48.3, down from 49.5 in January. The official non-manufacturing PMI is scheduled for release on Sunday.

Most US companies have already reported fourth-quarter earnings, so there will be very few reports in the coming week. Notable companies reporting in the week ahead include Costco (NASDAQ:COST), The Fresh Market (NASDAQ:TFM), Nu Skin Enterprises (NYSE:NUS), Joy Global (NYSE:JOY), and Foot Locker (NYSE:FL).


Monday, March 3

US Economics (Time Zone: EST)

08:30 Personal Income (Jan) - expected 0.2%, prior 0.0%
08:30 Personal Spending - exp 0.1%, prior 0.4%
08:30 PCE Deflator YoY - exp 1.1%, prior 1.1%
08:30 PCE Core YoY - exp 1.1%, prior 1.2%
08:58 Markit US PMI Final (Feb) - exp 56.7, initial 56.7
10:00 ISM Manufacturing (Feb) - exp 52.0, prior 51.3
10:00 ISM Prices Paid - exp 57.5, prior 60.5
10:00 Construction Spending - exp -0.5%, prior 0.1%
5:00 Domestic Vehicle Sales - exp 11.90M, prior 11.94M
5:00 Total Vehicle Sales - exp 15.40M, prior 15.16M
11:00 Fed to purchase $2.5b-$3b bonds in 5 to 7-year range
11:30 Treasury selling $25b 3-month, $25b 6-month bills

Global Economics (Time Zone: GMT)

JPY Capital Spending
01:00 CNY Non-manufacturing PMI
01:45 CNY HSBC/Markit Manufacturing PMI (final Feb)
09:00 EUR Eurozone Manufacturing PMI (final Feb)
09:30 GBP Manufacturing PMI
09:30 GBP Net Consumer Credit
14:00 ECB's Draghi speaks in Brussels

Earnings

Before:
NuSkin Enterprises (NUS)

After:
MBIA (MBI)
Stratasys (SSYS)

Tuesday, March 4

US Economics (Time Zone: EST)

10:00 IBD/TIPP Economic Optimism Index (Mar) - expected 45.0, prior 44.9
11:00 Fed to purchase $2.25b-$2.75b notes in 7 to 10-year range
11:30 Treasury selling $25b 52-week, 4-week bills

Fedspeak

10:00 a.m. Senate Banking Committee hearing to confirm Fed Board nominees (Stanley, etc)
4:15 p.m. Lacker (hawk, nonvoter) speaks in NY

Global Economics (Time Zone: GMT)

03:30 AUD RBA Rate Decision
09:30 GBP Construction PMI

Earnings

Before:
Autozone (AZO)
RadioShack (RSH)
Bank of Nova Scotia (BNS)

Wednesday, March 5

US Economics (Time Zone: EST)

07:00 MBA Mortgage Applications
08:15 ADP Private Payrolls - expected 155K, prior 175K
10:00 ISM Non-manufacturing - exp 53.5, prior 54.0
2:00 Fed's Beige Book
11:00 Fed buying $1b-$1.25b notes in 23 to 30-year range
1:00 Treasury selling $13b 2-year FRN (1st reopening), $35b 5-year notes

Fedspeak

7:00 p.m. Fisher (hawk, voter) speaks in Mexico City
8:30 p.m. Williams (dove, nonvoter) speaks in Seattle

Global Economics (Time Zone: GMT)

00:30 AUD GDP (4Q)
01:45 CNY HSBC/Markit Services PMI
09:00 EUR Eurozone Services PMI (final Feb)
10:00 EUR Eurozone Retail Sales (Jan)
10:00 EUR Eurozone GDP (4Q preliminary)
15:00 CAD Bank of Canada Rate Decision
10:30 Germany selling EU4b 5-year bonds

Earnings

Before:
PetSmart (PETM)
Canadian Solar (CSIQ)

Thursday, March 6

US Economics (Time Zone: EST)

07:30 Challenger Job Cuts YoY - prior 11.6%
08:30 Initial Jobless Claims - expected 338K, prior 348K
08:30 Continuing Claims - exp 2993K, prior 2964K
08:30 Unit Labor Costs (4Q final) - exp -0.9%, prior -1.6%
08:30 Nonfarm Productivity - exp 2.5%, prior 3.2%
10:00 Factory Orders (Jan) - exp -0.5%, prior -1.5%
12:00 Household Change in Net Worth (4Q)
11:00 Fed buying $3.5b-$4.25b bonds in 4.25 to 4.75-year range
1:00 Treasury selling $29b 7-year notes

Fedspeak

8:15 a.m. Dudley (dove, voter) speaks at WSJ event in NY
1:00 p.m. Plosser (hawk, voter) speaks in London
6:00 p.m. Lockhart (moderate, nonvoter) speaks in Washington

Global Economics (Time Zone: GMT)

00:30 AUD Trade Balance
00:30 AUD Retail Sales
11:00 EUR German Factory Orders
12:00 GBP Bank of England Rate Decision
12:45 EUR ECB Rate Decision
15:00 CAD Ivey PMI
9:30 Spain to sell bonds
9:50 France to sell bonds

Earnings

Before:
Joy Global (JOY)
Costco (COST)
Staples (SPLS)
Ciena (CIEN)

After:
H&R Block (HRB)
Finisar (FNSR)
Kroger (KR)
The Fresh Market (TFM)

Friday, March 7

US Economics (Time Zone: EST)

08:30 Nonfarm Payrolls - expected 150K, prior 113K
08:30 Private Payrolls - exp 155K, prior 142K
08:30 Manufacturing Payrolls - exp 5K, prior 21K
08:30 Unemployment Rate - exp 6.6%, prior 6.6%
08:30 Average Hourly Earnings YoY - exp 2.0%, prior 1.9%
08:30 Trade Balance - exp -$39B, prior -$38.7B
3:00 Consumer Credit - exp $13.4B, prior $18.756B
11:00 Fed buying $1b-$1.25b bonds in 23 to 30-year range

Fedspeak

12:00 p.m. Dudley (dove, voter) speaks in NY
12:30 p.m. Former Fed Chairman Bernanke speaks in Houston

Global Economics (Time Zone: GMT)

05:00 JPY Leading Index (preliminary Jan)
06:45 CHF Unemployment Rate
08:15 CHF CPI
08:15 CHF Industrial Production
11:00 EUR German Industrial Production

Earnings

Before:
Foot Locker (FL)
Big Lots (BIG)

Twitter: @MichaelSedacca

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
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No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

More From Michael Sedacca
Trading Radar: China GDP Target and ECB Rate Decision Will Be Highlights of Next Week
Economics, earnings reports, and market events for the week ahead.
Michael Sedacca    

The S&P 500 (INDEXSP:.INX) was finally able to breach its record high on Thursday after a number of failed attempts over the past two weeks. US equity markets did reach or maintain overbought conditions on daily, weekly, and monthly bases.

Next Friday (March 7) the February nonfarm payrolls report will be released. Payrolls are expected to rise 150,000 in the month after gaining 113,000 in January. The unemployment rate is forecast to remain unchanged at 6.6%. Other notable reports scheduled for the coming week are the February national ISM manufacturing and services indexes, auto sales, and January personal spending and income.

The ECB will meet for its monthly monetary policy decision this coming Thursday (March 6). Due to tightening money market conditions in the eurozone, there has been increased speculation that the ECB will take steps to provide liquidity. Some of those options include long-term bank loans, ceasing the practice of sterilizing existing sovereign bond holdings, an interest rate cut, or a deposit rate cut. The ECB has previously stated that if the Bundesbank would publicly endorse not sterilizing its bond holdings anymore, then it could move forward with that plan. If the ECB did stop sterilizing its holdings, then this would add back about $240 billion in cash to the European financial system.

China's National People's Congress will meet next Wednesday (March 5) and release its formal 2014 growth estimates. Most economists expect China to lower its expectations to between 7% and 7.5%. Later tonight, the official February Chinese manufacturing PMI will be released. Economists are expecting a slight decline to 50.1 from 50.5 in the month prior. Earlier this month the preliminary Markit manufacturing gauge dropped to 48.3, down from 49.5 in January. The official non-manufacturing PMI is scheduled for release on Sunday.

Most US companies have already reported fourth-quarter earnings, so there will be very few reports in the coming week. Notable companies reporting in the week ahead include Costco (NASDAQ:COST), The Fresh Market (NASDAQ:TFM), Nu Skin Enterprises (NYSE:NUS), Joy Global (NYSE:JOY), and Foot Locker (NYSE:FL).


Monday, March 3

US Economics (Time Zone: EST)

08:30 Personal Income (Jan) - expected 0.2%, prior 0.0%
08:30 Personal Spending - exp 0.1%, prior 0.4%
08:30 PCE Deflator YoY - exp 1.1%, prior 1.1%
08:30 PCE Core YoY - exp 1.1%, prior 1.2%
08:58 Markit US PMI Final (Feb) - exp 56.7, initial 56.7
10:00 ISM Manufacturing (Feb) - exp 52.0, prior 51.3
10:00 ISM Prices Paid - exp 57.5, prior 60.5
10:00 Construction Spending - exp -0.5%, prior 0.1%
5:00 Domestic Vehicle Sales - exp 11.90M, prior 11.94M
5:00 Total Vehicle Sales - exp 15.40M, prior 15.16M
11:00 Fed to purchase $2.5b-$3b bonds in 5 to 7-year range
11:30 Treasury selling $25b 3-month, $25b 6-month bills

Global Economics (Time Zone: GMT)

JPY Capital Spending
01:00 CNY Non-manufacturing PMI
01:45 CNY HSBC/Markit Manufacturing PMI (final Feb)
09:00 EUR Eurozone Manufacturing PMI (final Feb)
09:30 GBP Manufacturing PMI
09:30 GBP Net Consumer Credit
14:00 ECB's Draghi speaks in Brussels

Earnings

Before:
NuSkin Enterprises (NUS)

After:
MBIA (MBI)
Stratasys (SSYS)

Tuesday, March 4

US Economics (Time Zone: EST)

10:00 IBD/TIPP Economic Optimism Index (Mar) - expected 45.0, prior 44.9
11:00 Fed to purchase $2.25b-$2.75b notes in 7 to 10-year range
11:30 Treasury selling $25b 52-week, 4-week bills

Fedspeak

10:00 a.m. Senate Banking Committee hearing to confirm Fed Board nominees (Stanley, etc)
4:15 p.m. Lacker (hawk, nonvoter) speaks in NY

Global Economics (Time Zone: GMT)

03:30 AUD RBA Rate Decision
09:30 GBP Construction PMI

Earnings

Before:
Autozone (AZO)
RadioShack (RSH)
Bank of Nova Scotia (BNS)

Wednesday, March 5

US Economics (Time Zone: EST)

07:00 MBA Mortgage Applications
08:15 ADP Private Payrolls - expected 155K, prior 175K
10:00 ISM Non-manufacturing - exp 53.5, prior 54.0
2:00 Fed's Beige Book
11:00 Fed buying $1b-$1.25b notes in 23 to 30-year range
1:00 Treasury selling $13b 2-year FRN (1st reopening), $35b 5-year notes

Fedspeak

7:00 p.m. Fisher (hawk, voter) speaks in Mexico City
8:30 p.m. Williams (dove, nonvoter) speaks in Seattle

Global Economics (Time Zone: GMT)

00:30 AUD GDP (4Q)
01:45 CNY HSBC/Markit Services PMI
09:00 EUR Eurozone Services PMI (final Feb)
10:00 EUR Eurozone Retail Sales (Jan)
10:00 EUR Eurozone GDP (4Q preliminary)
15:00 CAD Bank of Canada Rate Decision
10:30 Germany selling EU4b 5-year bonds

Earnings

Before:
PetSmart (PETM)
Canadian Solar (CSIQ)

Thursday, March 6

US Economics (Time Zone: EST)

07:30 Challenger Job Cuts YoY - prior 11.6%
08:30 Initial Jobless Claims - expected 338K, prior 348K
08:30 Continuing Claims - exp 2993K, prior 2964K
08:30 Unit Labor Costs (4Q final) - exp -0.9%, prior -1.6%
08:30 Nonfarm Productivity - exp 2.5%, prior 3.2%
10:00 Factory Orders (Jan) - exp -0.5%, prior -1.5%
12:00 Household Change in Net Worth (4Q)
11:00 Fed buying $3.5b-$4.25b bonds in 4.25 to 4.75-year range
1:00 Treasury selling $29b 7-year notes

Fedspeak

8:15 a.m. Dudley (dove, voter) speaks at WSJ event in NY
1:00 p.m. Plosser (hawk, voter) speaks in London
6:00 p.m. Lockhart (moderate, nonvoter) speaks in Washington

Global Economics (Time Zone: GMT)

00:30 AUD Trade Balance
00:30 AUD Retail Sales
11:00 EUR German Factory Orders
12:00 GBP Bank of England Rate Decision
12:45 EUR ECB Rate Decision
15:00 CAD Ivey PMI
9:30 Spain to sell bonds
9:50 France to sell bonds

Earnings

Before:
Joy Global (JOY)
Costco (COST)
Staples (SPLS)
Ciena (CIEN)

After:
H&R Block (HRB)
Finisar (FNSR)
Kroger (KR)
The Fresh Market (TFM)

Friday, March 7

US Economics (Time Zone: EST)

08:30 Nonfarm Payrolls - expected 150K, prior 113K
08:30 Private Payrolls - exp 155K, prior 142K
08:30 Manufacturing Payrolls - exp 5K, prior 21K
08:30 Unemployment Rate - exp 6.6%, prior 6.6%
08:30 Average Hourly Earnings YoY - exp 2.0%, prior 1.9%
08:30 Trade Balance - exp -$39B, prior -$38.7B
3:00 Consumer Credit - exp $13.4B, prior $18.756B
11:00 Fed buying $1b-$1.25b bonds in 23 to 30-year range

Fedspeak

12:00 p.m. Dudley (dove, voter) speaks in NY
12:30 p.m. Former Fed Chairman Bernanke speaks in Houston

Global Economics (Time Zone: GMT)

05:00 JPY Leading Index (preliminary Jan)
06:45 CHF Unemployment Rate
08:15 CHF CPI
08:15 CHF Industrial Production
11:00 EUR German Industrial Production

Earnings

Before:
Foot Locker (FL)
Big Lots (BIG)

Twitter: @MichaelSedacca

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

More From Michael Sedacca
Daily Recap
Trading Radar: China GDP Target and ECB Rate Decision Will Be Highlights of Next Week
Economics, earnings reports, and market events for the week ahead.
Michael Sedacca    

The S&P 500 (INDEXSP:.INX) was finally able to breach its record high on Thursday after a number of failed attempts over the past two weeks. US equity markets did reach or maintain overbought conditions on daily, weekly, and monthly bases.

Next Friday (March 7) the February nonfarm payrolls report will be released. Payrolls are expected to rise 150,000 in the month after gaining 113,000 in January. The unemployment rate is forecast to remain unchanged at 6.6%. Other notable reports scheduled for the coming week are the February national ISM manufacturing and services indexes, auto sales, and January personal spending and income.

The ECB will meet for its monthly monetary policy decision this coming Thursday (March 6). Due to tightening money market conditions in the eurozone, there has been increased speculation that the ECB will take steps to provide liquidity. Some of those options include long-term bank loans, ceasing the practice of sterilizing existing sovereign bond holdings, an interest rate cut, or a deposit rate cut. The ECB has previously stated that if the Bundesbank would publicly endorse not sterilizing its bond holdings anymore, then it could move forward with that plan. If the ECB did stop sterilizing its holdings, then this would add back about $240 billion in cash to the European financial system.

China's National People's Congress will meet next Wednesday (March 5) and release its formal 2014 growth estimates. Most economists expect China to lower its expectations to between 7% and 7.5%. Later tonight, the official February Chinese manufacturing PMI will be released. Economists are expecting a slight decline to 50.1 from 50.5 in the month prior. Earlier this month the preliminary Markit manufacturing gauge dropped to 48.3, down from 49.5 in January. The official non-manufacturing PMI is scheduled for release on Sunday.

Most US companies have already reported fourth-quarter earnings, so there will be very few reports in the coming week. Notable companies reporting in the week ahead include Costco (NASDAQ:COST), The Fresh Market (NASDAQ:TFM), Nu Skin Enterprises (NYSE:NUS), Joy Global (NYSE:JOY), and Foot Locker (NYSE:FL).


Monday, March 3

US Economics (Time Zone: EST)

08:30 Personal Income (Jan) - expected 0.2%, prior 0.0%
08:30 Personal Spending - exp 0.1%, prior 0.4%
08:30 PCE Deflator YoY - exp 1.1%, prior 1.1%
08:30 PCE Core YoY - exp 1.1%, prior 1.2%
08:58 Markit US PMI Final (Feb) - exp 56.7, initial 56.7
10:00 ISM Manufacturing (Feb) - exp 52.0, prior 51.3
10:00 ISM Prices Paid - exp 57.5, prior 60.5
10:00 Construction Spending - exp -0.5%, prior 0.1%
5:00 Domestic Vehicle Sales - exp 11.90M, prior 11.94M
5:00 Total Vehicle Sales - exp 15.40M, prior 15.16M
11:00 Fed to purchase $2.5b-$3b bonds in 5 to 7-year range
11:30 Treasury selling $25b 3-month, $25b 6-month bills

Global Economics (Time Zone: GMT)

JPY Capital Spending
01:00 CNY Non-manufacturing PMI
01:45 CNY HSBC/Markit Manufacturing PMI (final Feb)
09:00 EUR Eurozone Manufacturing PMI (final Feb)
09:30 GBP Manufacturing PMI
09:30 GBP Net Consumer Credit
14:00 ECB's Draghi speaks in Brussels

Earnings

Before:
NuSkin Enterprises (NUS)

After:
MBIA (MBI)
Stratasys (SSYS)

Tuesday, March 4

US Economics (Time Zone: EST)

10:00 IBD/TIPP Economic Optimism Index (Mar) - expected 45.0, prior 44.9
11:00 Fed to purchase $2.25b-$2.75b notes in 7 to 10-year range
11:30 Treasury selling $25b 52-week, 4-week bills

Fedspeak

10:00 a.m. Senate Banking Committee hearing to confirm Fed Board nominees (Stanley, etc)
4:15 p.m. Lacker (hawk, nonvoter) speaks in NY

Global Economics (Time Zone: GMT)

03:30 AUD RBA Rate Decision
09:30 GBP Construction PMI

Earnings

Before:
Autozone (AZO)
RadioShack (RSH)
Bank of Nova Scotia (BNS)

Wednesday, March 5

US Economics (Time Zone: EST)

07:00 MBA Mortgage Applications
08:15 ADP Private Payrolls - expected 155K, prior 175K
10:00 ISM Non-manufacturing - exp 53.5, prior 54.0
2:00 Fed's Beige Book
11:00 Fed buying $1b-$1.25b notes in 23 to 30-year range
1:00 Treasury selling $13b 2-year FRN (1st reopening), $35b 5-year notes

Fedspeak

7:00 p.m. Fisher (hawk, voter) speaks in Mexico City
8:30 p.m. Williams (dove, nonvoter) speaks in Seattle

Global Economics (Time Zone: GMT)

00:30 AUD GDP (4Q)
01:45 CNY HSBC/Markit Services PMI
09:00 EUR Eurozone Services PMI (final Feb)
10:00 EUR Eurozone Retail Sales (Jan)
10:00 EUR Eurozone GDP (4Q preliminary)
15:00 CAD Bank of Canada Rate Decision
10:30 Germany selling EU4b 5-year bonds

Earnings

Before:
PetSmart (PETM)
Canadian Solar (CSIQ)

Thursday, March 6

US Economics (Time Zone: EST)

07:30 Challenger Job Cuts YoY - prior 11.6%
08:30 Initial Jobless Claims - expected 338K, prior 348K
08:30 Continuing Claims - exp 2993K, prior 2964K
08:30 Unit Labor Costs (4Q final) - exp -0.9%, prior -1.6%
08:30 Nonfarm Productivity - exp 2.5%, prior 3.2%
10:00 Factory Orders (Jan) - exp -0.5%, prior -1.5%
12:00 Household Change in Net Worth (4Q)
11:00 Fed buying $3.5b-$4.25b bonds in 4.25 to 4.75-year range
1:00 Treasury selling $29b 7-year notes

Fedspeak

8:15 a.m. Dudley (dove, voter) speaks at WSJ event in NY
1:00 p.m. Plosser (hawk, voter) speaks in London
6:00 p.m. Lockhart (moderate, nonvoter) speaks in Washington

Global Economics (Time Zone: GMT)

00:30 AUD Trade Balance
00:30 AUD Retail Sales
11:00 EUR German Factory Orders
12:00 GBP Bank of England Rate Decision
12:45 EUR ECB Rate Decision
15:00 CAD Ivey PMI
9:30 Spain to sell bonds
9:50 France to sell bonds

Earnings

Before:
Joy Global (JOY)
Costco (COST)
Staples (SPLS)
Ciena (CIEN)

After:
H&R Block (HRB)
Finisar (FNSR)
Kroger (KR)
The Fresh Market (TFM)

Friday, March 7

US Economics (Time Zone: EST)

08:30 Nonfarm Payrolls - expected 150K, prior 113K
08:30 Private Payrolls - exp 155K, prior 142K
08:30 Manufacturing Payrolls - exp 5K, prior 21K
08:30 Unemployment Rate - exp 6.6%, prior 6.6%
08:30 Average Hourly Earnings YoY - exp 2.0%, prior 1.9%
08:30 Trade Balance - exp -$39B, prior -$38.7B
3:00 Consumer Credit - exp $13.4B, prior $18.756B
11:00 Fed buying $1b-$1.25b bonds in 23 to 30-year range

Fedspeak

12:00 p.m. Dudley (dove, voter) speaks in NY
12:30 p.m. Former Fed Chairman Bernanke speaks in Houston

Global Economics (Time Zone: GMT)

05:00 JPY Leading Index (preliminary Jan)
06:45 CHF Unemployment Rate
08:15 CHF CPI
08:15 CHF Industrial Production
11:00 EUR German Industrial Production

Earnings

Before:
Foot Locker (FL)
Big Lots (BIG)

Twitter: @MichaelSedacca

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

More From Michael Sedacca
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