The Week Ahead on Wall Street: BLS Unemployment, Eurozone Meetings, Luxury and Teen Retailer Earnings
After a shortened week, investors will return from their holiday slumber and find a slew of global numbers and news to keep them busy. Europe will have its collection of news including the recent Hungary downgrade by Moody’s, volatile euro currencies, an upcoming euro debt auction, a new Stability Pact and talks of a euro-zone break up.
On Monday, President Barack Obama will meet with European Council President Herman van Rompuy and European Commission President Jose Manuel Barroso. On Tuesday, the euro-zone finance ministers will meet and discuss ways to bolster the euro-zone’s bailout fund and British Finance Minister George Osborne will give a fall spending statement.
From Asia, market watchers will look forward to key October Japanese industrial production statistics and India’s fiscal second quarter domestic product numbers on Wednesday. On Thursday, China’s HSBC China PMI final version will come out along with a separate government-sponsored PMI focusing on larger manufacturers. Also on Thursday, Australia will announce October retail sales.
Investing Insights: 15 Stocks and Companies Facing Sell Offs If Europe Collapses.
Back in the U.S: Jobs and More Jobs Numbers
The U.S. will see a chock full of economic numbers this week.
Monday: New home sales
Tuesday: Consumer confidence
Wednesday: Productivity numbers, Unit labor costs, Chicago PMI and November ADP employment report
Thursday: Weekly jobless claims, ISM, Construction Spending and Motor Vehicle Sales
Friday: November non-farm payrolls report, Unemployment Rate, and Average Hourly Wages
Monday: Alexco Resource (AMEX:AXU), Chicago Cord Bld (NYSE:CO), China Nepstar (NYSE:NPD), Copart Inc. (NASDAQ:CPRT), G Willi-Food (NASDAQ:WILC), Gushan Environment (NYSE:GU) and Hillenbrand Inc. (NYSE:HI)
Friday: Big Lots (NYSE:BIG)