Saturday, February 05, 2011

Schedule for Week of Feb 6th

by Calculated Risk on 2/05/2011 07:26:00 PM

The key report this week will be the December trade deficit on Friday. Also Fed Chairman Ben Bernanke will testify before the House Committee on the Budget on Wednesday.

----- Monday, Feb 7th -----

3:00 PM: Consumer Credit for December. The consensus is a $2 billion increase in consumer credit.

----- Tuesday, Feb 8th -----

7:30 AM: NFIB Small Business Optimism Index for January. This index has been showing small businesses have become a little less pessimistic recently, however the respondents continue to say that the major concern is the lack of customers.

8:45 AM: Richmond Fed President Jeffrey Lacker speaks on the economic outlook at the University of Delaware.

10:00 AM: Job Openings and Labor Turnover Survey for December from the BLS. This report has been showing a general increase in job openings, but very little turnover in the labor market.

Around 1:00 PM: Atlanta Fed President Dennis Lockhart speaks in Alabama, and Dallas Fed President Richard Fisher speaks in Dallas.

----- Wednesday, Feb 9th -----

MBA Purchase Index7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index.

Click on graph for larger image in graph gallery.

This graph shows the MBA Purchase Index and four week moving average since 1990.

The four-week moving average of the purchase index suggests weak existing home sales through the first few months of 2011.

Morning: CoStar Commercial Repeat-Sale Indices (CCRSI). This is a repeat sales index for commercial real estate.

10:00 AM: Fed Chairman Ben Bernanke, "The Economic Outlook and Monetary and Fiscal Policy" before the House Committee on the Budget, U.S. House of Representatives

5:45 PM: NY Fed Vice President Brian Sack speaks on "Implementing the Federal Reserve’s Asset Purchase Program" (aka QE2) at the Philadelphia Fed.

----- Thursday, Feb 10th -----

8:30 AM: The initial weekly unemployment claims report will be released. The number of initial claims had been trending down over the last few months. The consensus is for a decrease to 410,000 from 415,000 last week.

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for December. The consensus is 0.8% increase in inventories.

----- Friday, Feb 11th -----

8:30 AM: Trade Balance report for December from the Census Bureau.

U.S. Trade Exports ImportsThis graph shows the monthly U.S. exports and imports in dollars through November 2010.

Imports have been mostly flat since May, and exports have started increasing again after the mid-year slowdown.

The consensus is for the U.S. trade deficit to increase to $40 billion from $38.3 billion in November.

9:55 AM: Reuters/University of Mich Consumer Sentiment preliminary for February. The consensus is for a slight increase to 75.0 from 74.2 in January.

After 4:00 PM: The FDIC will probably have another busy Friday afternoon.

9:00 PM: Fed Governor Sarah Bloom Raskin, "Mortgage Servicing Issues" At the 2011 Midwinter Housing Finance Conference, Park City, Utah