What To Expect in the Markets This Week | Global News Avenue

Investors are awaiting key November employment data on Friday, which Fed officials are expected to release expected to watch Let’s see if the labor market remains strong after showing signs of slowing. Ahead of this, reports on job openings and private sector employment will also influence sentiment on labor market conditions.

New York Fed President John Williams and St. Louis Fed President Alberto Mussalem will speak this week, the Fed’s last before the blackout period leading up to its Dec. 17-18 meeting. closely watched Purchasing Managers Index (PMI) Survey from Institute for Supply Management (ISM) It will give investors an in-depth understanding of the current status of the manufacturing and service industries.

This week’s earnings report will come from software provider Salesforce (customer relationship management) and chipmaker Marvell Technology (MRVL) and Royal Bank of Canada (RBC) (Rui), TD Bank (TD) and Bank of Montreal (bank of montreal).

Monday, December 2

• S&P U.S. Manufacturing PMI final value (November)
• ISM Manufacturing PMI (November)
• Construction spending (October)
• New York Fed President John Williams delivers a speech
• Z Scaler (ZS) Report earnings

Tuesday, December 3

• Job vacancies (October)
• salesperson, Marvel Technology, Scotiabank (cranial nervous system), Pure storage (PSTG), Octa (Octa), and box (Box) Report earnings

Wednesday, December 4

• ADP Employment Report (November)
• S&P U.S. Services PMI final value (November)
• ISM Services PMI (November)
• Factory orders (October)
• Federal Reserve Beige Book
• Alberto Mussallem, President of the Federal Reserve Bank of St. Louis, delivers a speech
• Royal Bank of Canada (RBC), Synopsys (SNPS), Hormel Foods (HRL), chewy (blow), and Dollar Tree (DLTR) Report earnings

Thursday, December 5

• Initial jobless claims (week ending November 30)
• U.S. trade deficit in October
• TD Bank, Bank of Montreal (BMO), hook up(South Korea), Lululemon (Lulu), and Hewlett Packard Enterprise (HP) Report earnings

Friday, December 6

• U.S. jobs report for November
• Consumer Confidence (Preliminary) (December)
• Consumer Credit (October)
• ID number (Duo) reported earnings

Jobs report shows whether labor market remains strong after weak October data

Friday’s November jobs report will give economists a better picture of the economy, after a month’s data showed hiring slowed more than expected, although those numbers are likely to be down. Twisted by storm disruptions and labor strikes.

Still, economists expect well above the 12,000 jobs added in October, and the disruptions don’t fully explain the shortfall. That explains why Friday’s jobs data will be in focus. Fed If November data shows the economy continues to slow, officials may face pressure to cut interest rates more quickly.

Ahead of Friday’s jobs report, economists will have data on job openings, private sector employment and initial jobless claims that could provide more details about the health of the U.S. labor market.

Market watchers will also be watching comments this week from New York Fed President John Williams and St. Louis Fed President Alberto Mussallem, which could provide insights into how Fed officials view current economic conditions. The comments marked the last chance for Fed officials to speak before Saturday, the start of a gag period that prohibits comment. monetary policy ahead of the Fed’s Dec. 17-18 meeting.

Additionally, industry survey data from ISM and S&P Global were released as the manufacturing PMI showed: Industry in troublewhile the services PMI reflects Economic growth in this sector continues. Data on factory orders, construction spending and consumer credit are also due this week.

Salesforce, Marvell Technology and Bank of Canada lead this week’s earnings reports

Salesforce reports earnings on Tuesday, analysts say Expressed bullish sentiment At Customer Relationship Management (CRM) service provider to its Artificial Intelligence (AI) offerings. Salesforce’s earnings come after the software giant expanded its data security footprint with: Buy your own startup.

Marvell Technology, which makes networking chips used in data centers, will also seek Show continued growth Tuesday’s report showed demand for artificial intelligence. Other technology companies due to report this week include Synopsys, a maker of microchip design software; Making the most of artificial intelligence needs. Cloud security provider Zscaler will also report earnings on Monday.

TD Bank’s earnings report follows its Recent guilty pleas in U.S. cases It agreed to pay more than $3 billion in fines to resolve charges it failed to curb money laundering by drug cartels.

Royal Bank of Canada (RBC) to report quarterly financial results, hopes to continue profit growth Personal Banking and Wealth Management Division. Other Canadian financial institutions scheduled to release reports this week include Bank of Montreal and Scotiabank.