Trading Radar: Central Banks Face Big Decisions
Economics, earnings reports, and market events for the week ahead.
One important event is Federal Reserve Chairman Ben Bernanke's testimony on Tuesday, October 4, to the U.S. Congress Joint Economic Committee. Last time the Chairman was in the limelight, we learned a few interesting thoughts on further monetary policy changes. In the earnings space there are no major reports, but earnings season will begin to kick into higher gear in coming weeks as investors continue to hope there are no downside surprises in store.
Monday, October 3
US Economics
10:00 Construction Spending – consensus -0.2%
10:00 ISM Manufacturing – consensus 50.4
10:00 ISM Prices Paid – consensus 54.0
5:00 Total Vehicles Sales – consensus 12.60M
5:00 Domestic Vehicle Sales – consensus 9.80M
Global Economics
07:15 CHF Retail Sales
07:45 EUR Italian PMI
07:50 EUR French PMI
07:55 EUR German PMI
08:00 EUR Euro-Zone PMI
08:30 GBP PMI
Earnings
Before: WWW
After: LRN, TISI
Tuesday, October 4
US Economics
10:00 Factory Orders – consensus 0.1%
10:00 Fed Chairman Bernanke to Testify Before JEC
Global Economics
03:30 AUD Reserve Bank of Australia Rate Decision
08:30 GBP PMI – Construction
09:00 EUR Eurozone PPI
Earnings
Before:
After: GPN, LNDC, RECN, LEDS, YUM
Wednesday, October 5
US Economics
07:00 MBA Mortgage Purchase Index
07:30 Challenger Job Cuts
08:15 ADP Employment Changes – consensus 75k
10:00 ISM Non-manufacturing Composite – consensus 52.8
Global Economics
08:30 GBP GDP
08:30 GBP Current Account Balance
Earnings
Before: AYI, COST, MON, RPM
After: CBK, DRWI, MAR, OCZ, RT
Thursday, October 6
US Economics
08:30 Initial Claims – consensus 410k
08:30 Continuing Claims – consensus 3723k
Global Economics
07:15 CHF CPI
10:00 EUR German Factory Orders
11:00 GBP BoE Asset Purchase Target
11:45 EUR ECB Rate Decision
Earnings
Before: STZ, HELE, ISCA, RBN
After: ANGO
Friday, October 7
US Economics
08:30 Nonfarm Payrolls – consensus 53K
08:30 Private Payrolls – consensus 90K
08:30 Manufacturing Payrolls – consensus -2K
08:30 Unemployment Rate – consensus 9.1%
08:30 Average Hourly Earnings – consensus 1.9%
08:30 Average Weekly Hours – consensus 34.2
10:00 Wholesale Inventories – consensus 0.6%
3:00 Consumer Credit – consensus $7.5bln
Global Economics
JPY BoJ Rate Decision
05:45 CHF Unemployment Rate
10:00 EUR German Industrial Production
11:00 CAD Unemployment rate
Earnings
No reports scheduled
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