Showing posts with label Week Ahead. Show all posts
Showing posts with label Week Ahead. Show all posts

Sunday, November 7, 2010

November 7th - The Week Ahead

Fox News' The Week Ahead

Biggest news this week is President Obama travelling to Asia and the G20 Summit
President Barack Obama will spend the next week in Asia, visiting India and Indonesia before heading to the summit of the Group of 20 largest economic powers in Seoul. The G-20 meeting, which starts Thursday, will address trade surpluses and deficits as part of efforts to restore so-called balanced global growth. The world leaders also will consider stronger global banking regulations

Also, earnings from major retailers will be released this week including Disney and Cisco. Earnings are expected to increase.

The Federal government will be release trade statistics later in the week.
The U.S. trade deficit for September, to be released Wednesday, likely changed little from a month earlier, according to a poll of economists by Briefing.com. The deficit widened to $46.3 billion in August as import demand remained strong despite a weaker dollar. The government also will report on September wholesale inventories Tuesday. Next Friday, the Reuters/University of Michigan consumer sentiment index will issue its preliminary reading for November.

Sunday, September 19, 2010

September 19th - The Week Ahead

Check out what is happening in business, markets, and politics this week at Fox News' The Week Ahead.

Highlights:

Numbers come out for housing data
Numbers are expected to show slight improvement from earlier in the summer.

Reports on housing data for August are due next week, with a number of metrics to show modest recovery from July, according to Briefing.com. July is typically the strongest sales month of the year, but tax credits had pulled sales forward into April. More broadly, the industry is suffering from the expiration of the credit, as well as high unemployment and low consumer confidence.

Sunday, September 12, 2010

September 12th - The Week Ahead

Check out what is happening in business, markets, and politics this week at Fox News' The Week Ahead.

Some highlights include:

Congress Returns to The Hill
Investors will be watching Congress next week as lawmakers return from recess and begin their review of tax measures proposed by President Obama in an effort to get the economy growing again at a healthy rate.

The president this week proposed new tax credits and write-offs for business investments, but it is unclear whether Congress will come up with the votes before lawmakers leave Washington again after only a few weeks to campaign before the hotly contested midterm elections Nov. 2.

Consumer and Producer Price Indices Release
The government will release its August Producer Price Index, which measures wholesale inflation, and Consumer Price Index, which reflects changes in retail prices, on Thursday and next Friday, respectively. Out Wednesday are August figures on industrial production. Reports on regional economic activity are due Wednesday for New York and Thursday from the Philadelphia Fed.

Foreign Currency Hearings
Treasury Secretary Timothy Geithner is slated to appear Wednesday before the House Ways and Means Committee to discuss concerns about China's valuation of its currency. Lawmakers continue to express frustration about the slow appreciation of the yuan, which has risen less than half a percent since China's June decision to drop a de facto peg to the U.S. dollar.