Key Events in the Week Ahead 28/11-4/12-2022

Key Events CPI Non-Farm Payrolls volatility RBA

Investors are returning to their trading desks after the Thanksgiving holidays as the talk focus on the China unrest and the upcoming Non-Farm Payrolls report. Markets see now a 50 basis point hike by the Fed in the December meeting, but still, need to see some of the macro data coming out before the FOMC.

Monday, November 28, 2022

The focus on Monday will be on the retailers as it is a Cyber Monday.

Monday’s earnings reports: LYFT UBER FVRR

Tuesday, November 29

On Tuesday we have the Consumer confidence survey for November with expectations at 100.3, the previous reading was at 102.5. Also the reports from the Housing Finance Agency’s monthly home price index and the Case-Shiller home price index.

In Eurozone, we have the reports of November Business Climate, Economic Sentiment and the Final Consumer Confidence figures. From Germany, we have the November CPI preliminary reading.

Tuesday’s earnings reports: KR ACI HPE INTU WDAY

Wednesday, November 30

On Wednesday, we have the November ADP national employment, the preliminary Q3 GDP 2nd estimate (forecasts of 2.8 previous reading at 2.6), and Chicago PMI; the expectations are for 47.3, the previous reading was at 45.2.

Fed Chairman J. Powell speaking at the Brookings Institution.

In Europe, we have the November CPI Flash with forecasts at 10.5, and the November Core CPI Flash.

In Germany, the Unemployment rate will be released, with expectations at 5.6%.

Wednesday’s earnings reports: BOX FIVE OKTA CRM BBW

Thursday, December 1

The November ISM Manufacturing PMI will be released on Thursday, with expectations at 50; the previous reading was at 50.2.

The day also includes the releases of the ISM Manufacturing Prices Paid, the Personal Income for October estimates are for 0.4 same as the previous month. The October Consumption and the Core PCE Price index which forecasted at 0.3, the September reading was at 0.5.

Initial jobless claims, vehicle sales and construction spending is also on the menu.

Tesla (TSLA) will deliver an electric Class 8 truck.

In Eurozone, we have the Unemployment Rate which is expected at 6.6%.

Thursday’s earnings reports: BIG DG KR AOUT CHPT.  

Friday, December 2

The important November Non-Farm Payrolls will be the focus on Friday. The expectations are for 200k the previous reading was at 261k. The Private Payrolls is expected at 190k while the Unemployment rate is expected at 5.3%.

From Canada, we also have the Unemployment rate which is expected at 5.3%.

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