Saturday, November 05, 2011

Schedule for Week of Nov 6th

by Bill McBride on 11/05/2011 01:11:00 PM

Summary for Week Ending Nov 4th

This will be a light week for economic releases. The key economic release this week is the September trade balance report on Thursday. Also consumer sentiment might recover some more in November (released on Friday).

The Federal Reserve Senior Loan Officer Survey will probably be released on Monday, and might show if there is any impact on U.S. lending from the European financial crisis. Also there will be several Fed speeches this week.

----- Monday, Nov 7th -----

2:00 PM ET: The October 2011 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve. The July survey indicated some slight easing of standards and slightly more demand for most types of loans except residential real estate.

3:00 PM: Consumer Credit for September. The consensus is for a $5 billion increase in consumer credit.

----- Tuesday, Nov 8th -----

7:30 AM: NFIB Small Business Optimism Index for October. This index increased to 88.9 in September from 88.1 in August. The consensus is for a small increase to 89.3.

JOLTS 10:00 AM: Job Openings and Labor Turnover Survey for September from the BLS. In general job openings have been trending up, however overall labor turnover remains low.

----- Wednesday, Nov 9th -----

7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. This index has been especially weak since early August, although this doesn't include cash buyers.

9:00 AM: Ceridian-UCLA Pulse of Commerce Index™ This is the diesel fuel index for October (a measure of transportation).

9:30 AM: Fed Chairman Ben S. Bernanke, Welcoming Remarks, At the Federal Reserve Conference on Small Business and Entrepreneurship during an Economic Recovery, Washington, D.C. 9:30 a.m. ET

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for September. The consensus is for a 0.6% increase.

----- Thursday, Nov 10th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a slight increase to 400,000 from 397,000 last week. The 4-week average has declined recently, but is still above 400,000.

8:30 AM: Trade Balance report for September from the Census Bureau. The consensus is for the U.S. trade deficit to be around $46.3 billion, up from from $45.6 billion in August. Exports activity to Europe will be closely watched.

8:30 AM: Import and Export Prices for October. The consensus is a for a 0.2% decrease in import prices.

----- Friday, Nov 11th -----

*** Veterans Day, Markets Open ***

Consumer Sentiment 9:55 AM: Reuters/University of Mich Consumer Sentiment preliminary for November.

Consumer sentiment declined sharply in July and August - from 71.5 in June to 55.7 in August - the August reading was just above the crisis low of 55.3 in November 2008.

The consensus is for a slight increase in October to 61.5 from 60.9 in October.