The Week Ahead + Futures Trading Levels for Nov. 28th
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
The Week Ahead.. the inflation count– up or countdown? 7,8,9,10
By John Thorpe, Senior Broker
All of the activity I will mention below will impact the outlook for interest rate decisions and the future health of our economy.
There are 7 important Gov’t reports this week , Please pay attention to the release times as they most certainly can effect the short term direction of your open positions.
Tuesday- Case-Shiller Home Price Index 8 am CST Consumer Confidence @ 9 am CST.
Wednesday- GDP and Advance Intl Trade in Goods 7:30 am CST.
Thursday-Jobless Claims and Personal Income and Outlays @7:30 AM CST
Friday- ISM Manufacturing @ 9AM CST..
There are 8 earnings numbers to watch.
Tuesday- BMO Bank of Montreal, CRWD Crowdstrike , HPE Hewlett Packard and INTU Inuit.
Wednesday- DLTR Family Dollar tree and CRM Salesforce
Thursday-ULTA Ulta Beauty and DELL Dell computer.
Friday will be a quiet earnings day.
These are important bellweather’s in their respective industries, Salesforce has been the number one stock this year boasting a 67% return.
There are 9 Fed Governor speeches this week.
Tuesday- 4 speakers Goolsbee, Waller, Bowman Barr Between 9am and 2:30 Pm CST
Wednesday- 1 Speaker Mester 12:45 CST
Thursday- 1 speaker @ 8:15 CST Williams
Friday- 3 Speakers Barr, Goolsbee, JEROME POWELL twice , 10am and 1PM CST
Last Friday’s OPEC meeting had been postponed until 13:00 GMT this Thursday.
According to Reuters, Nigeria and Angola wanted to have higher quotas and an agreement could not be reached. There are 10 member countries from Africa , Venezuela, Iran and Iraq round out the 13 current group members. Oil prices have taken a slide lately from $90.00US/BBL to the low $70.00’US/BBL.
The reductions in global oil prices have yet to be reflected by any meaningful measure at the retail level.
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