The Week Ahead: Nov. 21-25, 2011

November 20, 2011 04:59 PM


Monday, Nov. 21

Not in session but announcement expected from Super Committee regarding fate of debt reduction discussions.
International Monetary Fund (IMF) board meets to discuss the disbursement of Greece's sixth tranche of financial aid.
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.
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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