The Week Ahead: Nov. 21-25, 2011

November 20, 2011 04:59 PM
 

 

Monday, Nov. 21

Congress:
Not in session but announcement expected from Super Committee regarding fate of debt reduction discussions.
IMF:
International Monetary Fund (IMF) board meets to discuss the disbursement of Greece's sixth tranche of financial aid.
Mexico:
Markets closed in Mexico.
UK parliament returns:
Both houses of the UK parliament return after the autumn recess.
Economic reports:
Selected Interest Rates (Federal Reserve) | Existing Home Sales.
USDA reports:
Export inspections (AMS) | Crop Progress (NASS) | Feed Grains Database (ERS) | Wheat Data (ERS).

 

Tuesday, Nov. 22

MF Global: The trustee for MF Global Holding asks a New York bankruptcy court to approve an expedited claims process. The court will also focus on the missing $600 million in funds.
GOP presidential candidates debate: Republican presidential hopefuls debate on national security and economic issues.
Greece: Greece's new prime minister, Lucas Papademos, meets with Eurogroup head Jean-Claude Juncker.
Energy reports: Weekly National Petroleum Report (API).
Economic reports: ICSC-Goldman Store Sales | GDP | FOMC Minutes.
USDA reports: Cold Storage (NASS) | Chicken and Eggs (NASS) | Cotton and Wool Yearbook Tables (ERS).

 

Wednesday, Nov. 23

Super Committee deadline:
The deadline for the contressional Super Committee to vote on at least $1.2 trillion of debt reduction over a decade, or face across-the-board cuts on Jan. 2, 2013.
Japan:
Markets closed.
EU economic reforms:
The European Commission will present in Brussels proposals on extra economic surveillance of euro states with excessive deficits, and a green paper on euro stability bonds. It will also issue proposals to reform the European audit market, following weaknesses identified by the 2008 global financial crisis.
Energy reports:
Weekly Petroleum Status Report (EIA) | Weekly ethanol plant production (EIA) | Weekly US underground natural gas stocks (EIA).
Economic reports: Weekly mortgage applications (Labor Dept.) | Durable Goods Orders | Jobless Claims | Personal Income and Outlays | Consumer Sentiment.
USDA reports: Broiler Hatchery (NASS) | Cotton Ginnings (NASS) | Livestock Slaughter (NASS) | Poultry Slaughter (NASS).

Thursday, Nov. 24

U.S. holiday: Thanksgiving Day. All markets and gov't closed.
Portugal: General strike in Portugal is set.
Greece: Prime Minister Papademos meets with France's Nicolas Sarkozy and Germany's Angela Merkel on debt.

Friday, Nov. 25

Black Friday: The traditional start to the holiday shopping season.
Italy: Auction of Treasury bills and zero-coupon bonds.
Transportation: Weekly Traffic of Major Railroads (Assn. Of American Railroads).
USDA reports: Export Sales (FAS) | Grain Transportation Report (AMS) | Dairy Products Prices (NASS) | Peanut Prices (NASS).


 

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