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Crude Prices Edge Ahead

Updated from 4:05 p.m. EST

U.S. stocks were stuck near the flat line for another session Tuesday as investors failed to find any catalysts to drive the action.

The Dow Jones Industrial Average was up 4.57 points, or 0.04%, at 12,666.31, and the S&P 500 rose 1.01 points, or 0.07%, to 1448. The Nasdaq Composite added 0.89 point, or 0.04%, to 2471.49.

The market also struggled for traction on Monday, and the Dow tacked on just 8.25 points, or 0.07%, to 12,661.74, while the Nasdaq slipped 5.28 points, or 0.21%, at 2470.60.

“The overriding question for investors is whether this is a consolidation before further gains or a topping process that may lead to a long overdue period of profit-taking,” said Michael Sheldon, chief market strategist with Spencer Clarke LLC.

On the Dow, General Motors (GM) was the best performer, rising 2.2%. However, that gain was offset by Hewlett-Packard (HPQ) , which fell by 1.9%.

Meanwhile, Akamai Technologies (AKAM) was one of the worst performers on the Nasdaq, falling 5.2%. On the other hand, Nvidia (NVDA) rose 3.6%.

Roughly 2.11 billion shares changed hands on the New York Stock Exchange. Advancers beat decliners by a 5-to-3 margin. Volume on the Nasdaq topped 2.14 billion shares, with winners outpacing losers 8 to 7.

As the economic calendar is light this week, investors were hoping to find more clues about the health of the economy in several speeches from Federal Reserve officials. All three speakers Tuesday, Chairman Ben Bernanke, San Francisco Fed President Janet Yellen, and Chicago Fed President Michael Moskow, provided no comments about the economy or interest rate policy.

Treasury prices were gaining ground after Treasury Secretary Henry Paulson said that the U.S. economy is slowing to a more sustainable rate of growth. He made his comments during a speech to the House Ways and Means Committee.

The 10-year note was up 11/32 and yielding 4.76%. The 30-year bond rose 18/32 in price to yield 4.86%. The dollar strengthened against both the euro and the yen.

Commodities prices were mostly higher as a cold snap continued in the Northeast. Crude oil futures were up 14 cents to close at $58.88 a barrel, while natural gas slipped 2 cents to $7.61 per million British thermal units. Gold rose by $2.60 to $658.70 an ounce, and silver tacked on 11 cents to $13.67 an ounce.

Even though the busiest days of earnings season have passed, a few key names continue to stream in. One was Tyco (TYC) , who topped analysts’ first-quarter profit expectations and guided in line for the second quarter. Revenue for the quarter rose to $10.33 billion from $9.6 billion a year earlier and exceeded estimates. Tyco lost 62 cents, or 1.9%, to close at $32.59.

Following the prior close, National Semiconductor (NSM) cut its fiscal third-quarter sales guidance, saying revenue will drop 14% to 15% from $501.6 million in the second quarter. The chipmaker had previously forecast a decline of 8% to 11%. The stock shed 64 cents, or 2.7%, to $22.68.

At BP (BP) , lower energy prices and a drop-off in production led to a 22% decline in fourth-quarter earnings to $2.9 billion. BP slid 54 cents, or 0.9%, to $63.25.

After the close, Cisco (CSCO) reported better-than-expected profits.

Wal-Mart (WMT) made headlines again after the world’s largest retailer said it is launching a beta version of its own video download service.

On Monday, the stock rose nearly 1% after Wal-Mart said that January same-store sales rose 2.2%, higher than the retailer’s prior forecast of a 1% to 2% gain. Wal-Mart added 6 cents, or 0.1%, at $48.58.

Overseas, London’s FTSE rose 0.5% at 6346, and Frankfurt’s Xetra DAX tacked on 0.1% at 6876. Tokyo’s Nikkei climbed 0.4% overnight to 17,406, and Hong Kong’s Hang Seng added 1% to 20,655.

When shopping and the AIDS fight are mixed

KIGALI, Rwanda: A year ago, the staff at the Treatment and Research AIDS center could barely cope. A river of patients flowed here from every corner of Rwanda, unable to find treatment closer to home. If a patient were fortunate enough to find a bed here, she often had to share it.

Today, a dozen patients, mostly women, sit in neat waiting rooms, laughing and talking, as children play around them. Doctors leisurely make their rounds, greeting one another as they go and taking the time to painstakingly explain the strict regimen HIV drugs require.

According to the managing director, Dr. Anita Asiimwe, the center can spend less time on crises and more time researching how to slow HIV transmission in this East African country, still rebuilding from the 1994 genocide that claimed more than 800,000 lives.

Asiimwe thanks an unlikely benefactor for all these improvements: the American shopper.

Just over a year ago, the rock star Bono started (Product) RED, a company that combined business and international aid. Since then, by buying RED iPods, RED T-shirts, RED sneakers, RED watches, RED cologne, and a host of products sold by companies including GAP, Apple, and Giorgio Armani, American consumers have helped contribute more than $14 million to fight HIV and AIDS in Africa.

According to Rwandan officials, that money has built 33 testing and treatment centers in Rwanda, supplied more than 6,000 pregnant women with medication to keep them from transmitting HIV to their babies, and financed HIV counseling and testing for thousands more women and children.

Yet, for all its accomplishments, critics say the project has fallen short. They decry a lack of transparency from participating companies over how much they make from RED products, and question whether more corporate money goes to Africa or to advertising.

“Look at all the promotions theyve put out,” said Inger Stole, assistant professor of communications at the University of Illinois. “The ads seem to be more about promoting the companies and how good they are than the issue of AIDS.”

In March 2007, Advertising Age magazine raised questions about the amount RED participants had spent on advertising, reporting that companies collectively had spent as much as $100 million in advertising and raised only $18 million. Officials from RED called the numbers inaccurate and said the companies had spent $50 million on advertising, and the amount raised at the time had been $25 million. Advertising Age stood by its report.

Susan Smith Ellis, chief executive of RED, said RED did not have an advertising budget.

Companies pay RED a licensing fee to market some of their products as RED. Then they send a percentage of those sales to the Global Fund, a public-private partnership set up five years ago to fight AIDS, malaria and tuberculosis in Africa. The organization sends the RED money to three countries - Rwanda, Ghana and Swaziland - to help women and children infected with HIV.

What the companies get in return is an opportunity to reach more socially conscious customers.

According to a 2006 poll by Cone, a marketing agency in Boston, 89 percent of Americans from 13 to 25 years old would switch from one brand to another of a comparable product and price if the latter brand was associated with a “good cause.”

Motorola, American Express (UK), Hallmark, and Converse are also among the companies that have signed licensing deals. RED says that more companies are coming but that they have to meet stringent guidelines: They must be an iconic international brand: make a five-year commitment to marketing RED; and open their workplace, human rights and environmental records to RED and the Global Fund.

The percentage of sales that goes to The Global Fund depends on the item and the company. For example, 1 percent of all spending from AmEx (RED) cards goes to the fund, as does 50 percent of net profit from the sale of Gap RED items, and $8.50 from each Motorola RED Motorazr. Neither RED nor the companies would disclose totals by company or product.

Over all, more than $53 million has been contributed by RED and its corporate partners to the Global Fund. RED-financed projects have helped put more than 30,000 people on anti-retroviral treatment and provided more than 300,000 HIV-positive pregnant women with counseling and treatment, according to data from RED and the Global Fund.

RED and its donors gave nearly all of the corporate contributions to the Global Funds $2.2 billion budget in 2007 - making it is the 13th largest donor, giving more than Russia so far, and more than China, Saudi Arabia and Switzerland have pledged. Excluding RED, from 2002 through last year, corporations gave a total of $3.9 million.

Asia: Telecom’s Rural Revolution

In the remote agricultural province of Lao Cai in Vietnam a few shared community phones are being replaced with high-speed WiMAX broadband connections and VoIP telephony for thousands of residents. In rural Cambodia, a new 3G/UMTS mobile network is being deployed for delivery of high-bandwidth wireless services, including live streaming of mobile TV channels. In rural India, farmers can monitor crop prices and place orders for goods electronically by visiting broadband “community centers” that are taking root around the country.

All are examples of a “rural revolution” enveloping less-developed countries in Asia and around the world, made possible by advanced telecommunications technologies such as Wi-Fi, WiMAX and 3G. This revolution is bringing high-speed Internet access and next-generation telephony to millions of users who previously had little or no access to even the most basic telecoms services. Local service providers, working in partnership with large multinational telecoms companies such as Alcatel-Lucent, Intel, Nokia-Siemens and others, are stretching the boundaries of the telecom grid to encompass even the most distant and remote areas. Often, they are also working with national and regional government officials who view the new services as a way to bolster economic development and empower local citizens.

“There’s a big digital divide developing between cities and rural areas in many countries,” explains Nathan Burley, an analyst with Ovum based in Melbourne. “Governments are becoming aware of this digital divide, and they are trying to connect the unconnected.” At the same time, Burley adds, many operators face customer market saturation in urban areas, so they are pushing out into rural regions to capitalize on new growth opportunities. Large telecoms vendors face much the same challenge as developed markets mature. And there are plenty of places to turn for economic development funds, especially for projects in remote rural regions.

“We are starting to see increases in [rural telecom] deployments,” says Phillip Marshall, VP of enabling technologies for Yankee Group. “In the lion’s share of cases, the primary drivers are political initiatives to bridge the digital divide, municipal and local government initiatives, and support from economic development funds like the World Bank and USTDA (the US Trade and Development Agency).”

VIETNAM TAKES LEAD
The project in Lao Cai illustrates the trends of joint cooperation between vendors, operators and governments to tap new opportunities for economic development.

Intel Corp., the US Agency for International Development (USAID) and Vietnam Data Communications, a local service provider that is part of Vietnam Post and Telecom Group (VNPT), joined together last year to deploy WiMAX in the rural agricultural province of 600,000 comprised of 25 different ethnic groups. Lao Cai is located in a mountainous area of northern Vietnam, abutting the Chinese border. There had been some limited fixed-line telephone service and DSL broadband available within the city of Lao Cai, but even these services disappeared for the bulk of the population when they stepped outside the immediate town borders.

“This is the first WiMAX deployment in Vietnam,” says Bernard Mazer, the project’s architect and manager for USAID. “We wanted to show this was a viable technology. We also wanted to pick a rural spot; Hanoi and Ho Chi Minh City already have a telecom infrastructure established. We looked at different areas, but another important factor here is that we have some good, local political support.”

The area is one of Vietnam’s poorest regions, with current per capita GDP of $330. The hope is that traditional industries such as agriculture and forestry can use the new telecoms infrastructure to grow their business and perhaps attract more cross-border trade with China. Another hope is to attract foreign investment to the region.

Mazer says the installation has brought both broadband and VoIP service to the area.

Stocks Add To Early Gains On Highside Volume

Solar stocks and computer manufacturers led a double-shot jump in early trading, squeezing indexes higher.

At 11:09 a.m., the Nasdaq led with a 0.6% gain. The S&P 500 and the NYSE composite rose 0.1% while the Dow climbed 0.4%. Mid caps saw some selling pressure, with the S&P 400 slipping 0.1%. Volume was sharply lower on both exchanges.

Most Asian markets moved higher, led by Hong Kong’s Hang Seng index which jumped 2.5%. The Shanghai composite eked up 0.6%. Tokyo’s Nikkei 225 slipped 0.6% as the yen gained strength vs. the dollar, pressuring export-based stocks. European stocks were mixed. A run-up in mining stocks, and news reports of a possible bidder for troubled mortgage lender Northern Rock buoyed London’s FTSE 100 a slight 0.1% in afternoon trading.

Advances and declines ran nearly even on both exchanges.

Dry bulk carrier fleets continued their recent run-up after Dryships () announced a 20 cent per share quarterly common dividend. The stock gained 3.43 t0 85.08 on huge volume, putting it 30% above its most recent 65.48 buy point. That buy point came on a pullback to its 10-week moving average. The smaller Excel Maritime () also gapped up, adding 3.12 to 53.79. Aegean Marine Petroleum (), a supplier of fuels and lubricants to ship fleets, also gapped up. It gained 2.10 to 33.80. That pushed the stock to 43% above its most recent buy point of 23.65, also on a pullback.

Handheld navigational instrument maker Garmin () jumped 3.94 on solid volume, to 112.64. The stock hasn’t paused since a May breakout, and is now 89% above a 59.80 buy point, on its most recent pullback to its 10-week line.

GM () shares were up 1%, but off their highs. A UAW local leader in Lansing, Mich., said about 11 a.m. that a strike vs. the auto giant is on.

Among the few leaders got caught up in downside selling, FC Stone () dropped 1.35 to 46.75. The six-month-old stock has been consolidating since July, and is 27% off its July 17 peak.

10:15 a.m. Update: Stocks Little Changed In Early Trade

By Vincent Mao

Stocks were mixed early Monday, seeking direction after the prior week’s gains.

At 10:09 a.m. ET, the Dow, NYSE composite and Nasdaq were mostly unchanged. And the S&P 500 eased 0.2%.

A number of Chinese-based companies did well in the opening minutes.

PetroChina Co. () gapped up and flew 14.76, or 8%, to 181.98. The oil and gas firm won approval to list is A shares in Shanghai. It currently trades in Hong Kong and New York.

Baidu.com () added 10.40 to a new high of 295. The Chinese Internet search firm has surged nearly 40% in the past two weeks. Baidu is on pace to extend its win streak to 11 sessions.

JA Solar Holdings () added 1.58 to a new high 47.52. The Chinese maker of solar cells is now 16% past a 41.09 buy point of a cup-with-handle pattern.

However, China Southern Airlines () gapped down, plunging 11.80, or 13%, to 79.03 on huge trade. China Southern shares had skyrocketed in recent weeks.

Harman International () gapped down 6, or 8%, to 79 on heavy trade. The maker of audio and electronic products guided fiscal Q1 and full-year 2008 results below consensus estimates. Due to a number of factors, including rising costs, it pegged first-quarter earnings of 50 cents a share vs. views of $1.02. Full-year income is expected at $4.14 vs. views of $4.87.

On Friday, Kohlberg Kravis Roberts and Goldman Sachs’ () private equity arm backed out of plans to buy Harman.

9:15 a.m. ET Update: Futures Point To Mixed Open

By Vincent Mao

Stock futures pointed to a mixed open Monday. Nasdaq futures rose 2 points vs. fair value, the S&P 500 fell 0.5 point, while the Dow rallied 18 points.

Foreign markets were mostly higher. Hong Kong’s Hang Seng index surged 2.5%. The Shanghai composite rose 0.6%. But the Nikkei slipped 0.6%. The FTSE 100 added 0.4%.

The greenback hit yet another record low against the euro. Gold futures traded higher. And crude oil futures slipped below the $81-a-barrel mark as storm fears eased.

There are no economic reports for the session. But several Fed officials including Chairman Ben Bernanke are slated to give speeches.

Key reports this week: existing home sales Tues, durable orders Tues, GDP Wed, new home sales Wed, personal income and spending Thurs and PCE deflator Thurs.

BHP Billiton Ltd. () jumped 6% in pre-open trading. The mining firm is expected to announce a large gold find at its Olympic Dam mine in South Australia.

EMC () rose 4% before the bell after getting upgrades from Bear Stearns and Citigroup. Both cited the data storage firm’s own prospects as well as a way to play hot recent IPO VMWare (). EMC still owns 86% of the virtualization software maker.

General Motors () climbed 3% in the preopen. The United Auto Workers union gave the auto giant an 11:00 a.m. ET deadline for a new contract. If a deal isn’t reached, workers will go on a nationwide strike.

Apple () rose 2% in the premarket after Citigroup raised its price target to $185.

Meridian Gold () agreed to be bought by Yamana Gold () after a raised offer. Yamana will pay about $3.56 billion in cash and stock for the Canadian mining firm.

Mid-Day Report: Dollar Regains Strength, Steady after GDP Revision

Action Insight | Written by ActionForex.com | Nov 29 07 14:15 GMT |
Forex Mid-Day Technical Report Dollar Regains Strength, Steady after GDP Revision

Dollar regains strength against European majors today as correction continues. Q3 GDP growth was revised up to 4.9% annualized rate, fastest growth in four years and slightly above expectation of 4.8%. The growth rate was also much stronger than Q2’s 3.9%. However, the data did little to change the view of steep slowdown in Q4 due to housing and mortgage markets problems. Jobless claims surged sharply higher to 352k, the first above 350k reading since Fed and signal a more sever deterioration in the job market. New home sales will be released later in the morning. Recent Fedspeaks will also continue with Mishkin and Bernanke featured today.

Sterling gave back yesterday’s gain after dovish comments from BoE members on the testimony before Parliamentary Treasury Select Committee. Blanchflower also made clear his intent to vote for a decrease again in December, though the overall vote will still be tight. Sterling is also weighed down by steeper than expected slow down in how price growth which saw Nationwide House price Index fell by the most since Jun 95, -0.8% mom in Nov, dragging yoy rate to 6.9% versus expectation of 8.4%. Germany’s job market continues to show surprised improvement. Unemployment rate dropped further from 8.7% to 8.6% in Nov, as the number of jobless fell by a further -53k. However, Eurozone Retail PMI fell for the third consecutive month to 45.9 in Nov, suggesting the majority of purchasing managers are feeling pessimistic. Euro heads to retest yesterday’s low. EUR/USD

Daily Pivots: (S1) 1.4749; (P) 1.4804; (R1) 1.4895; «www.actionforex.com»

EUR/USD’s recovery was limited at 1.4859 and eases back today. At this point, correction from 1.4966 is still expected to extend lower as long as 1.4859 resistance holds, probably towards 1.4519 clusters support. Above 1.4859 will indicate that fall from 1.4966 has possibly completed and bring retest of 1.5 cluster resistance.

As discussed before, while rise from 1.4014 is completed, it’s early to confirm that rise from 1.3360 has completed too. Focus is now on 1.4519 cluster support (50% retracement of 1.4014 to 1.4966 at 1.4490). Decisive break of this support zone will add much credence to the case that rally from 1.3360 has completed too after failing 1.5 key medium resistance and bring deeper correction to 1.4014/4281 support zone before resuming the long term up trend. But strong rebound above this level will suggest another rise should be seen before making a medium term top.

In the bigger picture, regardless of internal structure, medium term up trend from 1.1639 remains in force and is treated as resumption of long term up trend from 0.8223 (00 low) to 1.3668 (04 high) and is now close to 61.8% projection of 0.8223 to 1.3668 from 1.1639 at 1.5004 target which will overlap with 1.5 psychological resistance. Upside could be limited by this resistance initially on overbought condition. Sustained trading above this key resistance is needed to confirm medium term rally is still underway to next projection target of 100% projection at 1.7048. On the downside, firm break of 1.3851 resistance turned support is needed to be the first signal that this up trend from 1.1639 has completed. Otherwise, long term outlook remains bullish.

GBP/USD

Daily Pivots: (S1) 2.0657; (P) 2.0744; (R1) 2.0907; «www.actionforex.com»

Cable’s rebound was limited by at 2.0380, below mentioned 2.0845 cluster resistance and eased back to 2.06 level today. Short term outlook remains neutral at this moment. With 2.0845 cluster resistance (61.8% retracement of 2.1161 to 2.0353 at 2.0852) remains intact, the original view still holds. That is, rise from 1.9652 has completed after touching medium term rising channel resistance. Fall from 2.1161 is expected to extend further to retest medium term rising channel support (now at 2.0040) after finishing the current corrective rebound from 2.0353. Below 2.0579 support will bring retest of 2.0353 low first. However, sustained break of 2.0845 cluster resistance will indicate that fall from 2.1161 has completed and will bring retest of this high.

In the bigger picture, medium term rally from 1.7047, regardless of internal structure, is treated as resumption of long term up trend from 1.3680 (01 low) to 1.9554 (04 high) with subsequent correction ended at 1.7047. Break of 61.8% projection level at 2.0677 now encourages further medium term rally to next projection target of 100% projection 1.3680 (01 low) to 1.9554 (05 high) from 1.7047 (05 low) at 2.2921. On the downside, decisive break of the medium term rising channel is needed to signal that such medium term rally has made a top. Otherwise, medium term outlook remains bullish.

USD/CHF

Daily Pivots: (S1) 1.1032; (P) 1.1114; (R1) 1.1188; «www.actionforex.com».

USD/CHF’s rebound from 1.0890 resumes today and reaches as high as 1.1199 so far. At this point, further rally is still in favor as long as 1.1097 support holds. However, upside is still expected to be limited by 1.1298 resistance and bring resumption of the fall from 1.2467. on the downside, below 1.1071 will flip intraday bias back to the downside, indicating recovery is completed and bring retest of 1.0890 low.

In the bigger picture, the current preferred interpretation is that fall from 1.3282 was initially contained at 1.1919 and turned into sideway triangle consolidation that completed at 1.2467, where the medium term down trend resumed. Sustained trading below 1.1100 clusters support (95 low and 100% projection of 1.3283 to 1.1919 from 1.2467 at 1.1103) encourages decline to next medium term target of 161.8% projection at 1.0260. On the upside, however, break of 1.1298 resistance will be bring stronger rebound towards 38.2% retracemment of 1.2467 to 1.8090 at 1.1492 first.

USD/JPY

Daily Pivots: (S1) 108.71; (P) 109.59; (R1) 110.92; «www.actionforex.com».

USD/JPY is bounded in tight range after rebound from 107.21 reached as high as 110.47. At this point, intraday bias remains on the upside as long as 109.13 minor support holds and further rise could still be seen. But still, upside is expected to be limited by 111.76 resistance and bring resumption of fall from 117.94. On the downside, below 109.13 will indicate rebound has completed and bring retest of 107.21 low.

In the bigger picture, sharp decline from 124.13 remains in force and is expected to extend at least further to 100% projection of 124.13 to 111.59 from 117.94 at 105.40 and will likely bring retest key long term support zone of 101.22/65. On the upside, above 111.76 resistance will suggest that fall from 117.94 has completed and bring lengthier consolidation. But a break of 115.91 resistance is needed to signal down trend from 124.13 has completed too. Otherwise, medium term outlook remains bearish.

EUR/JPY

Daily Pivots: (S1) 161.14; (P) 162.36; (R1) 164.50; «www.actionforex.com»

EUR/JPY’s rise from 159.36 reaches as high as 163.62 earlier today. But subsequent retreat and touching of 161.83 minor support turned intraday outlook neutral for the moment. Outlook remains unchanged. With EUR/JPY still kept below 164.00/26 cluster resistance and struggling at 55 days EMA (now at 162.80), the case that rise from 149.27 has already completed at 167.72 is still in favor. That is, price actions from 168.93 is developing into larger scale consolidation and the last falling leg is in progress, with price actions from 158.67 as interim consolidation. Below 161.83 will suggest that EUR/JPY has failed the 164.00/26 cluster resistance again and will encourage a retest of 159.36 support first.

Also, note that choppy trading could still continue until a break of the established range of 158.67 and 164.30. On the downside, break of 158.67 will confirm fall from 167.62 has resumed for 61.8% retracement of 149.27 to 167.72 at 156.31 first. On the upside, sustained break of 164.00/26 cluster resistance will flip favors back to the case that price action from 167.72 is merely consolidation to rise from 149.27 and will bring retest of this high and then 168.93 key resistance.

In the bigger picture, break of trend line support (137.16, 150.75) confirmed that medium term rally from 130.60 has made an important medium term top at 168.93. However, subsequent sharp correction from there to 149.27 was supported by long term rising channel. Hence, long term up trend from 88.97 (00 low) remains intact. But break of 168.93 high is needed to confirm such up trend has resumed.

Forex News Digest

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«c.moreover.com»
Thu, 29 Nov 2007 10:28:00 GMT from The Australian

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Thu, 29 Nov 2007 10:16:00 GMT from Reuters UK

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Thu, 29 Nov 2007 10:02:00 GMT from Yahoo! Canada

«www.actionforex.com» Economic Indicators Update
GMT Ccy Events Actual Consensus Previous Revised
23:50 JPY Japan Industrial prod’n M/M Oct 1.60% 1.80% -1.40%
23:50 JPY Japan Industrial prod’n Y/Y Oct 4.70% 4.00% 0.80%
07:00 GBP U.K. Nationwide hse price M/M Nov -0.80% 0.10% 1.10%
07:00 GBP U.K. Nationwide hse price Y/Y Nov 6.90% 8.40% 9.70%
09:00 EUR Germany Unemployment rate Nov 8.60% 8.70% 8.70%
09:00 EUR Germany Unemployment change Nov -53K -30.0K -40.0K
09:45 GBP MPC Treasury Committee Hearings
11:00 GBP U.K. CBI distribution trade Nov 13 8 10
13:30 CAD Canada Current account Q3 1.0B 3.5B 8.36B
13:30 CAD Canada PPI M/M Oct -1.10% -0.50% -0.90%
13:30 CAD Canada PPI Y/Y Oct -1.00% N/A 0.10%
13:30 USD U.S. PCE core Q/Q Q3 1.80% 1.80% 1.80%
13:30 USD U.S. GDP deflator Q3 0.90% 0.80% 0.70%
13:30 USD U.S. GDP annualised Q3 4.90% 4.80% 3.90%
13:30 USD U.S. Personal consumption Q3 2.70% 2.80% 3.00%
13:30 USD U.S. Jobless claims Nov 352K 332.0K 330K
15:00 USD U.S. New home sales Oct 0.75M 0.77M
15:00 USD U.S. New homes change Oct -2.60% 4.80%

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