Trading And Investing Intelligence For The Week Of September 10, 2012. China Sunday. The Bernanke Later In Week.

[ 0 ] September 7, 2012 |

Over the weekend, we will receive industrial and retail data from China. Earlier this week, there was chatter that China may lower the reserve rate, which would be the third time doing so in as many months. Additional China economic data will be released Monday morning, which could very well move the market by the time traders get to their desks on Monday morning.

This upcoming week is the week that everyone has been waiting for — excluding, of course, this past week. The Fed will release its monthly rate decision, with some sort of easing program or asset purchase program expected by the majority of Wall Street strategists. At the annual Jackson Hole meeting of central bankers, Ben Bernanke hinted that if economic conditions continued to deteriorate, the Fed could initiate additional asset purchases to boost economic growth.

Elsewhere in the US, advance retail sales and inflation data will be released on Friday and the US Treasury will auction off 3-, 10- and 30-year bonds. The bond auctions should be particularly interesting, especially the 30-year auction on Thursday, given that the Fed may discuss new bond purchases 30 minutes prior.

Sunday, September 9

Global Economics (Time Zone: GMT)

05:30 CNY Industrial Production
05:30 CNY Retail Sales
05:30 CNY Fixed Assets Investments
23:50 JPY GDP

Monday, September 10

US Economics (Time Zone: EDT)

3:00 Consumer Credit – consensus $10.0B, prior $6.46B
11:00 Fed to buy $1.b-$1.5b TIPS in 7 to 30-year range
11:30 Treasury to sell $32b 3-month, $28b 6-month bills

Global Economics (Time Zone: GMT)

CNY Trade Balance
CNY New Yuan Loans
05:00 JPY Consumer Confidence
08:30 EUR Eurozone Investor Confidence
22:45 NZD NZ Card Spending
23:50 JPY BSI Manufacturing
10:30 Germany to sell EU4b 6-month bills

Earnings

After:
Palo Alto Networks (PANW) EPS -0c

Tuesday, September 11

US Economics (Time Zone: EDT)

07:30 NFIB Small Business Optimism – consensus 91.3, prior 91.2
08:30 Trade Balance – consensus -$44.2B, prior -$42.9B
10:00 JOLTs Job Openings – prior 3762
11:00 Fed purchasing $1.5b-2b bonds in 25 to 30-year range
11:30 U.S. to sell 4-week bills
1:00 U.S. to sell $32b 3-year notes

Global Economics (Time Zone: GMT)

01:30 AUD NAB Business Confidence
06:00 JPY Machine Tool Orders
08:30 GBP Trade Balance
12:15 CAD Housing Starts
23:50 JPY Machine Orders
10:00 Greece to sell bills

Earnings

No earnings

Wednesday, September 12

US Economics (Time Zone: EDT)

07:00 MBA Mortgage Purchase Index
08:30 Import Price Index YoY – consensus -1.4%, prior -3.2%
10:00 Wholesale Inventories – consensus 0.3%, prior -0.2%
11:00 Fed selling $7-$8b in 2-year notes
11:30 U.S to sell $21b in 10-year notes

Global Economics (Time Zone: GMT)

06:00 EUR German CPI
08:30 GBP Jobless Claims
09:00 EUR Eurozone Industrial Production
21:00 NZD Reserve Bank of New Zealand Rate Decision
10:00 Italy to sell bills
10:30 Germany to sell EU5b in 5-year notes

Earnings

No earnings

Thursday, September 13

US Economics (Time Zone: EDT)

08:30 Producer Price Index YoY – consensus 1.5%, prior 0.5%
08:30 PPI Ex Food & Energy – consensus 2.6%, prior 2.5%
08:30 Initial Jobless Claims – consensus 370K, prior 365K
07:30 Continuing Claims – consensus 3311K, prior 3322K
12:30 FOMC Rate Decision
2:00 Monthly Budget statement – consensus -$152.5B, prior -$134.1B
1:00 U.S. to sell $13b in 30-year bonds

Global Economics (Time Zone: GMT)

07:30 CHF Swiss National Bank Rate Decision
9:30 U.K. to sell GBP3.5b 10-year notes

Earnings

Before:
Pier 1 Imports (PIR) EPS 19c

Friday, September 14

US Economics (Time Zone: EDT)

08:30 Consumer Price Index YoY – consensus 1.7%, prior 1.4%
08:30 CPI Ex Food & Energy – consensus 2.0%, prior 2.1%
08:30 CPI NSA – consensus 230.589, prior 229.104
08:30 Advance Retail Sales – consensus 0.7%, prior 0.8%
08:30 Retail Sales Less Autos – consensus 0.6%, prior 0.8%
08:30 Retail Sales Ex Auto & Gas – consensus 0.4%, prior 0.9%
09:15 Industrial Production – consensus 0.0%, prior 0.6%
09:15 Capacity Utilization – consensus 79.3%, prior 79.3%
09:55 University of Michigan Confidence Statement – consensus 74.0, prior 74.3
10:00 Business Inventories – consensus 0.3%, prior 0.1%
11:00 Fed to buy $1.5b-$2b bonds in 25 to 30-year range

Global Economics (Time Zone: GMT)

04:30 JPY Industrial Production
09:00 EUR Eurozone CPI

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