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Sunday, April 10, 2011

Schedule for Week of April 10th

by Calculated Risk on 4/10/2011 08:35:00 AM

NOTE: The Schedule is available all week in the menu bar above.

Summary for Week ending April 8th

The key reports this week are March Retail Sales on Wednesday, and the Consumer Price Index (CPI) on Friday. The monthly Trade Balance report will be released on Tuesday, and Industrial Production/Capacity Utilization on Friday. Also J.P. Morgan (Weds) and Bank of America (Fri) report Q1 results this week and they might provide comments on foreclosure issues.

----- Monday, April 11th -----

12:15 PM ET: Fed Vice Chair Janet Yellen speaks, "Commodity Prices, the Economic Outlook, and Monetary Policy", At the Economic Club of New York Luncheon, New York, New York

----- Tuesday, April 12th -----

7:30 AM: NFIB Small Business Optimism Index for March. This index has been showing some increase in optimism.

Small Business Optimism Index Click on graph for larger image in graph gallery.

This graph shows the small business optimism index since 1986. The index increased to 94.5 in February from 94.1 in January.

Although still fairly low, this is the highest level for the index since December 2007.

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

U.S. Trade Exports Imports This graph shows the monthly U.S. exports and imports in dollars through January 2011.

Exports are up sharply and are now above the pre-recession peak. Imports have surged over the last two months, largely due to the increase in oil prices.

The consensus is for the U.S. trade deficit to be around $44.0 billion, down from $46.3 billion in January.

----- Wednesday, April 13th -----

7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. This index has been very weak over the last couple months suggesting weak home sales in spring 2011.

7:00 AM: J.P. Morgan First Quarter 2011 Financial Results

8:30 AM: Retail Sales for March.

Retail SalesThis graph shows retail sales since 1992. This is monthly retail sales, seasonally adjusted (total and ex-gasoline).

Retail sales are up 15.3% from the bottom, and now 1.9% above the pre-recession peak.

The consensus is for retail sales to increase 0.5% in March (0.7% increase ex-auto).

10:00 AM: Manufacturing and Trade: Inventories and Sales for February. The consensus is for a 0.8% increase in inventories.

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

2:00 PM ET: The Fed Beige Book will be released. This is an informal review by the Federal Reserve Banks of current economic conditions.

----- Thursday, April 14th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a decrease to 380,000 from 382,000 last week.

8:30 AM: Producer Price Index for March. The consensus is for a 1.0% increase in producer prices (0.2% core).

----- Friday, April 15th -----

7:00 AM: Bank of America First-Quarter Financial Results

8:30 AM: NY Fed Empire Manufacturing Survey for April. The consensus is for a reading of 17.0, down slightly from 17.5 in March.

8:30 AM: Consumer Price Index for March. The consensus is for a 0.5% increase in prices. The consensus for core CPI is an increase of 0.2%.

9:15 AM ET: The Fed will release Industrial Production and Capacity Utilization for March.

Industrial ProductionThis graph shows industrial production since 1967. Production is still 5.2% below the pre-recession levels at the end of 2007.

The consensus is for a 0.5% increase in Industrial Production in March, and an increase to 77.4% (from 76.3%) for Capacity Utilization.

9:55 AM: Reuters/University of Mich Consumer Sentiment preliminary for April. The consensus is for a slight increase to 69.0 from 67.5 in March.

Best wishes to All!