WEEKLY OUTLOOK: HOUSING DATA & EARNINGS

 

This week all eyes are on housing data and a variety of corporate earnings slated to come be released.  September housing beginning Tuesday and September Existing Home Sales on Thursday and we know these numbers will be closely monitored by the Fed as they still decide whether or not to raise rates.  With other Q3 earnings reports falling below expectations, companies such as Morgan Stanley, Coca-Cola, Amazon, GM, and MCDonald’s, among others, will be reporting their earnings this week.

 

Economic Calendar

 

 

Monday:

 

U.S. Housing Market Index 10:00AM ET

 

Richmond Federal Reserve Bank President Jeffrey Lacker speech 12:00 PM ET

 

 

Tuesday:

 

Milk Production 8:30 AM ET

 

Housing Starts 8:30 AM ET

 

New York Federal Reserve Bank President William Dudley speech 9:00 AM ET

 

Federal Reserve Chair Janet Yellen speech 11:00 AM ET

 

Crop Progress 4:00 PM ET

 

 

Wednesday:

 

Federal Reserve Gov. Jerome Powell speech 1:30 PM ET

 

 

Thursday:

 

Jobless Claims 8:30 AM ET

 

Chicago Fed National Activity Index 8:30 PM ET

 

Leading Indicators 10:00 AM ET

 

 

Friday:

 

Export Sales 8:30 AM ET

 

 

Links

 

London to host more renminbi trading after CME signs deal with China Construction Bank (Telegraph)

 

The Fed board is seriously split (Financial Times)

 

Hackers are sniffing around for inside information to trade on (Bloomberg Business)

 

Homebuilder confidence is at a ten-year high (Calculated Risk)

 

Charts detailing the slowdown in global economic growth Fed (The Short Side of Long)

 

There’s no compelling reason for the Fed to raise rates (Bloomberg Business)

 

It’s hard to see a recession while housing remains strong (Dash of Insight)

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