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Reliance Trading Co. Limited – The Week Ahead – Economic and Earnings Calendar
The bond market will be closed Monday in observance of Veteran's Day, but the stock market will remain open.
By: Reliance Trading Co. Limited
President Trump will be speaking at the Economic Club of New York during a luncheon Tuesday. Market participants will be listening for details and clarity regarding a potential trade deal between the U.S. and China. In the past week, there have been conflicting messages on whether or not additional tariffs will be imposed on Chinese goods.
President Trump told reporters Friday that he had not yet decided on whether or not to roll back tariffs as part of a phase one trade deal with China. His comments follow reports earlier in the week a spokesperson for China's Ministry of Commerce said that both the U.S. and China agreed to reduce tariffs in the face of a phase one deal. There are another round of U.S. tariffs on Chinese goods set to go into effect December 15.
Tuesday: NFIB Small Business Optimism, October (102.0 expected, 101.8 in September)
Wednesday: MBA Mortgage Applications, week ended November 8 (-0.1% prior); CPI month-on-month, October (0.3% expected, 0.0% in September); CPI excluding Food and Energy month-on-month, October (0.2% expected, 0.1% in September); CPI year-on-year, October (1.7% expected, 1.7% in September); CPI excluding Food and Energy year-on-year, October (2.4% expected, 2.4% in September); Monthly Budget Statement, October (-$128.2 billion expected, $82.8 billion in September)
Thursday: PPI Final Demand month-on-month, October (0.3% expected, -0.3% in September); PPI excluding Food and Energy month-on-month, October (0.2% expected, -0.3% in September); PPI Final Demand year-on-year, October (0.9% expected, 1.4% in September); PPI excluding Food and Energy year-on-year, October (1.5% expected, 2.0% in September)
Friday: Retail sales, October (0.1% expected, -0.3% in September); Retail Sales excluding Autos, October (0.4% expected, -0.1% in September); Retail Sales excluding Auto and Gas, October (0.0% in September)
Tuesday: Tyson Foods, D.R. Horton, Advanced Auto Parts before market open; Skyworks, Tilray after market close
Wednesday: Luckin Coffee before market open; Cisco after market close
Thursday: Viacom, Walmart, Sina before market open; Applied Materials, Nvidia after market close
Friday: J.C.Penney, JD.com before market opens
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Reliance Trading Co. Limited