A risk-off trade emerged in global markets overnight following President Trump’s comments at the NATO conference that he’s in no hurry to sign a trade deal with China. S&P 500 futures are down 0.7% ahead of the open, and term Treasury yields are down 4-5 bps. The president suggested that China was ready to sign a phase-one deal now, but he would be willing to wait a year until after the 2020 elections if it means securing the right terms for the U.S. On the other side, Chinese state media is reporting that government officials are considering the creation of a list of “unreliable entities” that could lead to sanctions against American companies.
Jason Haley
Managing Director, Investment Management Group
Date | Event | Survey | Actual | Prior | Revised |
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 | 1660k | — | 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 | 190k | — | 128k | — |
12/6/2019 | Two-Month Payroll Net Revision | — | — | 95k | — |
12/6/2019 | Change in Private Payrolls | 179k | — | 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.