Saturday, April 06, 2013

Schedule for Week of April 7th

by Bill McBride on 4/06/2013 10:23:00 AM

Note: I'll post a summary of last week soon.

The key report this week is the March retail sales report on Friday.

The FOMC minutes for the March meeting will be released on Wednesday.

Fed Chairman Ben Bernanke will speak on Monday and Friday (several regional Fed presidents will also speak this week).

----- Monday, Apr 8th -----

7:15 PM ET, Speech by Fed Chairman Ben Bernanke, Stress-Testing Banks: What Have We Learned? , At the 2013 Financial Markets Conference, Atlanta, Georgia

----- Tuesday, Apr 9th -----

7:30 AM ET: NFIB Small Business Optimism Index for March. The consensus is for a decrease to 90.6 from 90.8 in February.

Job Openings and Labor Turnover Survey 10:00 AM: Job Openings and Labor Turnover Survey for February from the BLS.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings increased in January to 3.693 million, up from 3.612 million in December. number of job openings (yellow) has generally been trending up, and openings are up 8% year-over-year compared to January 2012.

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for February. The consensus is for a 0.5% increase in inventories.

----- Wednesday, Apr 10th -----

7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

2:00 PM: FOMC Minutes for Meeting of March 19-20, 2013

----- Thursday, Apr 11th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 365 thousand from 385 thousand last week.  The "sequester" budget cuts appear to be impacting weekly claims.

----- Friday, Apr 12th -----

8:30 AM: Producer Price Index for March. The consensus is for a 0.2% decrease in producer prices (0.2% increase in core).

Retail Sales 8:30 AM ET: Retail sales for March will be released.

This graph shows monthly retail sales and food service, seasonally adjusted (total and ex-gasoline) through February. Retail sales are up 27.2% from the bottom, and now 11.2% above the pre-recession peak (not inflation adjusted)

The consensus is for retail sales to be unchanged in March (following the large increases in January and February), and to increase 0.1% ex-autos.

9:55 AM: Reuter's/University of Michigan's Consumer sentiment index (preliminary for April). The consensus is for a reading of 79.0, up from 78.6.

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for February.  The consensus is for a 0.4% increase in inventories.

12:30 PM: Speech by Fed Chairman Ben Bernanke, Creating Resilient Communities, At the 2013 Federal Reserve System Community Development Research Conference, Washington, D.C.