The Coming Week's Market Movers.... by Cliff Wachtel

The Coming Week's Market Movers: Market Ripe For Short-Term Bounce?
September 25, 2011
 by Cliff Wachtel 

TOP CALENDAR EVENTS: Will No News Be Good-Enough News?
http://seekingalpha.com/article/295711-the-coming-week-s-market-movers-market-ripe-for-short-term-bounce


Next week’s calendar is a typically light end of month affair.

Monday

Euro-Zone

German Ifo Business Climate: German business confidence dropped to 108.7 in August, the worst drop since 2008, following 112.9 in the previous month. This reading badly missed consensus estimates of 111.2 indicating a serious slowdown. Another decrease to 107.3 is expected.

US

New Home Sales: dropped more than expected in July, reaching 298,000 following 300,000 in June, and expected to drop to 297,000.

Tuesday

US

US CB Consumer Confidence: Fell 15 points in August to the lowest level since April 2009, reaching 44.5 after 59.2 in July, reflecting concerns about the weak job market and rising prices of essentials, reducing consumer spending. A small increase to 46.8 is predicted.

Wednesday

US Core Durable Goods Orders: Increased by 0.7% in July while durable goods orders increased by 4.0%.

Thursday

US Unemployment Claims: The number of Americans filing initial claims for unemployment missed estimates of 419K, falling less than predicted to 423,000. This is the fifth week of increases, suggesting a slowing jobs market.

US Pending Home Sales: Fell in July by 1.3% from a 2.4% gain in June, vs. an expected 0.8% decline, indicating continued slowing in housing sales. A decrease of -1.9% is forecasted.

Friday

Canadian GDP: Down 0.4% in the second quarter . An increase of 0.3% is expected.

Disclosure/disclaimer: No positions. The above is for informational purposes only. All trade decisions are solely the responsibility of the reader.

http://seekingalpha.com/article/295711-the-coming-week-s-market-movers-market-ripe-for-short-term-bounce

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.