A busy week ahead for the stock markets as it gets ready to absorb various economic reports:
- Chicago PMI due Monday, 11/30 - Might give us a peek into what to expect from ISM Manufacturing report on 12/1
- ISM Manufacturing Index due Tuesday, 12/1- A better than October PMI reading of 55.7 would definitely signal a consistent growth, although the market expects a reading of 54.8, slightly below October reading.
- Auto Sales and ADP employment report - significant but may hardly move the markets
- Initial unemployment claims as always due Thursday 8:30am - Claims have been on a decline since past few weeks and another decline might signal consistent decline in layoffs.
- The most important and market-shaker BLS unemployment rate due Friday 8:30am - Anything north of 10.3% is sure to send jitters down the market. Investors would also be closely watching average workweek number as that is by far the most leading indicator in this otherwise lagging jobs report. Any improvement to 33.0 hrs non-farm private average workweek would be taken very positively by the market.
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