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Archive for 4. November 2007

The Economic Week Ahead….

graph.jpgMonday 5

ISM Non Manufacturing Survey Consensus 54 This survey consists of almost 400 firms across 60 different sectors. Analysts like to keep an eye on the business activity index of this survey as it gives an indication of economic health.

3 & 6 Month Bill Auction

Tuesday 6

ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales. This measure tracks weekly sales from discounters, chain and department stores.

4 Week Bill Auction and Treasury Strips

Wednesday 7

Productivity and Costs This report looks at the growth or lack thereof in the efficiency of our labor force relative to the production of goods and services.

Wholesale Trade-This report is a measure of economic growth in that it looks at sales made and inventories held by wholesalers.

MBA Purchase Applications-Measures Mortgage Lender applications, this is considered a leading indicator of single family home sales!

EIA Petroleum Status Report-Measures petroleum inventories in the US

Consumer Credit Consensus $9.0B

This report represents the overall value of outstanding consumer credit debt. Very simply put, if demand exceeds supply, interest rates rise.

10 Year Bond Auction

Thursday 8

BOE Announcement- Bank of England Monetary Policy

ECB Announcement- Interest Rate policy issued by European Central Bank

Jobless Claims Unemployment claims. Consensus 330K

EIA Natural Gas Report

3 and 6 month Treasury Bill Announcement, 30 Year Bond Auction Investors use this data to attempt to predict future Federal Reserve policy.

Chain Store Sales Another indicator of consumer spending trends.

Money Supply

Friday 9

Consumer Sentiment Consensus 80 The University of Michigan conducts a monthly survey of 500 households about their financial condition and opinions about the economy. Last reading was at 80.9, before that at 83.4.

RBC Cash Index Monthly national survey of consumer attitudes on the state of the economy. Consumer spending accounts for two thirds of the economy, so this tends to be an important index.

International Trade Consensus -58.5B Gauges economic trends by measuring levels of imports and exports.

Import and Export Prices Consensus 1.0%

Citigroup’s emergency board meeting this weekend will dominate the news this week along with the international and consumer news. Additionally the markets will ponder the prospects of the Fed taking a pause from further rate cuts.

Have a great week!

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