Better PMI data in Asia and Europe is contributing to higher Treasury yields this morning. S&P 500 futures are little changed ahead of the open, with equity investors a little more concerned with trade headlines over the weekend. Reuters reported Friday that U.S. officials are considering new regulations that would further restrict American suppliers to Huawei. On the other side, Chinese media reported that China will not accept a phase-one deal unless all existing tariffs are lifted (as opposed to just canceling the 12/15 tariffs). This week’s economic calendar is headlined by the November jobs report on Friday, and Fed Vice Chair Randal Quarles will speak to Congress this week on bank supervision and regulation.
Jason Haley
Managing Director, Investment Management Group
Date | Event | Survey | Actual | Prior | Revised |
12/2/2019 | Markit US Manufacturing PMI | 52.2 | 52.6 | 52.2 | — |
12/2/2019 | ISM Manufacturing | 49.2 | 48.1 | 48.3 | — |
12/2/2019 | ISM Employment | 48.2 | 46.6 | 47.7 | — |
12/2/2019 | ISM Prices Paid | 47 | 46.7 | 45.5 | — |
12/2/2019 | ISM New Orders | 49 | 47.2 | 49.1 | — |
12/2/2019 | Construction Spending MoM | 0.40% | -0.80% | 0.50% | -0.30% |
12/3/2019 | Wards Total Vehicle Sales | 16.90m | — | 16.55m | — |
12/4/2019 | MBA Mortgage Applications | — | — | 1.50% | — |
12/4/2019 | ADP Employment Change | 140k | — | 125k | — |
12/4/2019 | Markit US Services PMI | 51.6 | — | 51.6 | — |
12/4/2019 | Markit US Composite PMI | — | — | 51.9 | — |
12/4/2019 | ISM Non-Manufacturing Index | 54.5 | — | 54.7 | — |
12/5/2019 | Challenger Job Cuts YoY | — | — | -33.50% | — |
12/5/2019 | Initial Jobless Claims | 215k | — | 213k | — |
12/5/2019 | Continuing Claims | 1661k | — | 1640k | — |
12/5/2019 | Trade Balance | -$48.6b | — | -$52.5b | — |
12/5/2019 | Bloomberg Consumer Comfort | — | — | 60.5 | — |
12/5/2019 | Factory Orders | 0.30% | — | -0.60% | — |
12/5/2019 | Factory Orders Ex Trans | — | — | -0.10% | — |
12/5/2019 | Durable Goods Orders | 0.60% | — | 0.60% | — |
12/5/2019 | Durables Ex Transportation | 0.60% | — | 0.60% | — |
12/5/2019 | Cap Goods Orders Nondef Ex Air | — | — | 1.20% | — |
12/5/2019 | Cap Goods Ship Nondef Ex Air | — | — | 0.80% | — |
12/6/2019 | Change in Nonfarm Payrolls | 188k | — | 128k | — |
12/6/2019 | Two-Month Payroll Net Revision | — | — | 95k | — |
12/6/2019 | Change in Private Payrolls | 178k | — | 131k | — |
12/6/2019 | Change in Manufact. Payrolls | 40k | — | -36k | — |
12/6/2019 | Unemployment Rate | 3.60% | — | 3.60% | — |
12/6/2019 | Average Hourly Earnings MoM | 0.30% | — | 0.20% | — |
12/6/2019 | Average Hourly Earnings YoY | 3.00% | — | 3.00% | — |
12/6/2019 | Average Weekly Hours All Employees | 34.4 | — | 34.4 | — |
12/6/2019 | Labor Force Participation Rate | — | — | 63.30% | — |
12/6/2019 | Underemployment Rate | — | — | 7.00% | — |
12/6/2019 | Wholesale Inventories MoM | 0.20% | — | 0.20% | — |
12/6/2019 | Wholesale Trade Sales MoM | — | — | 0.00% | — |
12/6/2019 | U. of Mich. Sentiment | 97 | — | 96.8 | — |
12/6/2019 | U. of Mich. Current Conditions | 112.8 | — | 111.6 | — |
12/6/2019 | U. of Mich. Expectations | 87.5 | — | 87.3 | — |
12/6/2019 | U. of Mich. 1 Yr Inflation | — | — | 2.50% | — |
12/6/2019 | U. of Mich. 5-10 Yr Inflation | — | — | 2.50% | — |
12/6/2019 | Consumer Credit | $16.000b | — | $9.513b | — |
Subscribe Today!
Subscribe to our email list and get the latest articles and announcements from ALM First.