This week will focus on the second half of the third quarter earnings season and October’s inflation data. A Friday deadline has been set to avoid a federal government shutdown, and budget debates in Congress will also feature prominently.
A major event on the economic calendar is Tuesday’s release of the Consumer Price Index for October by the Bureau of Labor Statistics. Economist consensus is for a 3.3% year-on-year increase. On Wednesday, the BLS will also report the Producer Price Index.
Other economic indicators released this week include the National Federation of Independent Business’ October Small Business Optimism Index on Tuesday, the Census Bureau’s October Retail Sales on Wednesday, and some housing market indicators on Thursday and Friday. is scheduled to be announced.
11/13 Monday
tyson foods We would like to report on our results for the fourth quarter of 2023.
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11/14 Tuesday
home depot and On Holding announced their financial results.
Bureau of Labor Statistics The consumer price index for October will be announced. Economists are forecasting a 3.3% year-on-year increase, following a 3.7% increase in September. Core CPI, which excludes volatile food and energy prices, is expected to rise 4.1%, unchanged from September.
National Federation of Independent Businesses releases its Small Business Optimism Index for October. The forecast is 90.5, about the same as September’s number.
11/15 Wednesday
Cisco SystemsPalo Alto Networks
,
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Target and TJX announce quarterly results.
President Joe Biden He will meet with Chinese President Xi Jinping during the Asia-Pacific Economic Cooperation Conference to be held in the San Francisco Bay Area. The two leaders are working to stabilize relations between the world’s two largest economies.
census bureau reports retail sales data for October. Consensus forecasts predict that personal consumption will decline by 0.4% month-on-month. Sales excluding automobiles are expected to decline by 0.2%. This compares to increases of 0.7% and 0.6% in September, respectively.
BLS October producer price index announced. PPI is expected to increase by 1.9% year-on-year, and he will decrease by three-tenths more than before. Core PPI is expected to rise by 2.7%, unchanged from September.
11/16(Thu)
alibaba group holdingApplied Materials
,
loss store
,
with walmart
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Warner Music Group holds conference call to discuss earnings.
National Home Builders Association releases housing market index for November. Economists expect 40, in line with October data. The index is down from 56 just three months ago, the lowest level since January.
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Friday 11/17
census bureau releases new housing statistics for October. According to consensus estimates, seasonally adjusted private housing starts will be at an annual rate of 1.34 million units, about 20,000 fewer than before.
—Dan Lamb contributed to this article
Email Nicholas Jasinski at nicholas.jasinski@barrons.com.