THIS WEEK'S MARKET MOVERS

Monday, December 17

US Economics (Time Zone: EDT)
 
08:30 Empire Manufacturing – consensus -1.00, prior -5.22
09:00 Total Net TIC Flows – prior $4.7B
09:00 Net Long-term TIC Flows – consensus $25.0B, prior $3.3B
11:00 Fed buying $4.25b-$5.25b notes in 6 to 8-year range
11:30 Treasury selling $32b 3-month, $28b 6-month bills
1:00 Treasury selling $35b 2-year notes

Global Economics (Time Zone: GMT)

10:00 EUR Eurozone Trade Balance
14:00 CAD Existing Home Sales
 
Earnings
 
No major reports


Tuesday, December 18

US Economics (Time Zone: EDT)

08:30 Current Account Balance – consensus -$104.0B consensus, prior -$117.4B
10:00 NAHB Housing Market Index – consensus 47, prior 46
11:00 Fed to buy $1.5b-$2.25b notes in 25 to 30-year range
11:30 Treasury selling 4-week
1:00 Treasury selling $35b 5-year notes
2:00 Fed selling $7b-$8b notes in 3-year range

Global Economics (Time Zone: GMT)

00:00 NZD NBNZ Business Confidence
08:00 CNY China Property Prices
09:30 GBP PPI
09:30 GBP CPI

Earnings

Before
Factset Research (FDS)
Jefferies (JEF)
After:
Oracle (ORCL)


Wednesday, December 19

US Economics (Time Zone: EDT)

07:00 MBA Mortgage Index
08:30 Housing Starts – consensus 874K, prior 894K
08:30 Building Permits – consensus 875K, prior 868K
11:00 Fed buying $1.5b-$2.25b notes in 25 to 30-year range
1:00 Treasury selling $29b 7-year notes
                       
Global Economics (Time Zone: GMT)

JPY BoJ Monetary Policy Meeting
05:00 JPY Leading Index
09:00 EUR German IFO Business Climate
09:30 GBP BoE Minutes
21:45 NZD GDP

Earnings

Before
General Mills (GIS)
Fedex (FDX)
After
Bed Bath & Beyond (BBBY)
Jabil Circuit (JBL)
Paychex (PAYX)


Thursday, December 20

US Economics (Time Zone: EDT)

08:30 Initial Claims – consensus 360K, prior 343K
08:30 Continuing Claims – consensus 3215K, prior 3205K
08:30 GDP QoQ (Annualized) – consensus 2.8%, prior 2.7%
08:30 Personal Consumption – consensus 1.5%, prior 1.4%
08:30 GDP Price Index – consensus 2.7%, prior 2.7%
08:30 Core PCE – consensus 1.1%, prior 1.1%
10:00 Philly Fed – consensus -3, prior -10.7
10:00 Existing Home Sales – consensus 4.90M, prior 4.79M
10:00 Leading Indicators – consensus -0.2%, prior 0.2%
10:00 House Price Index – consensus 0.2%, prior 0.2%
11:00 Fed buying $1.5b-$2.25b notes in 11 to 20-year range
1:00 Treasury selling $14b 5-year TIPS
2:00 Fed selling $7b-$8b notes in 2.5-year range

Global Economics (Time Zone: GMT)

JPY BoJ Rate Decision
07:00 CHF Trade Balance
07:00 EUR German PPI
09:30 GBP Retail Sales
13:30 CAD Retail Sales
15:00 EUR Eurozone Consumer Confidence

Earnings

Before
KB Home (KBH)
Carmax (KMX)
Discover Financial (DFS)
Darden Restaurants (DRI)
Conagra (CAG)
After
Nike (NKE)
Micron Tech (MU)
Red Hat (RHT)
Carnival (CCL)


Friday, December 21
 
US Economics (Time Zone: EDT)

08:30 Chicago Fed – prior -0.56
08:30 Personal Income – consensus 0.3%, prior 0.0%
08:30 Personal Spending – consensus 0.4%, prior -0.2%
08:30 PCE Deflator YoY – consensus 1.6%, prior 1.7%
08:30 PCE Core YoY – consensus 1.6%, prior 1.6%
08:30 Durable Goods – consensus 0.5%, prior 0.5%
08:30 Durable Goods ex Transports – consensus -0.2%, prior 1.8%
08:30 Cap Goods Orders Nondef Ex Air – consensus -1.1%, prior 1.7%
08:30 Cap Goods Ship Nondef Ex Air – consensus 0.8%, prior -0.4%
09:55 University of Michigan Confidence (2^nd estimate) – consensus 75, prior 74.5
11:00 Kansas City Fed – consensus -5, prior -6
11:00 Fed buying $1.5b-$2.25b notes in 25 to 30-year range

Global Economics (Time Zone: GMT)

02:00 NZD Credit Card Spending
07:00 EUR German GfK Consumer Confidence
09:30 GBP Public Finances
09:30 GBP GDP
13:30 CAD GDP
13:30 CAD CPI

Earnings

Before:
Walgreen's (WAG)