Key Economic Data This Week

December 2, 2019

Key Economic Data This Week Photo

Optimism about a rebound in economic growth, both in the U.S. and globally, has been rising in recent weeks as leading indicators point higher. This optimism has led U.S. equities to trade at new record highs. 

Over the weekend, a key Chinese manufacturing gauge exceeded expectations, setting the stage for several key economic indicators in the U.S. The two most anticipated pieces of economic information will be the U.S. manufacturing data on Monday and the November employment report on Friday. The expectation for employment is the addition of approximately 190,000 jobs for the month, with the unemployment rate remaining unchanged at 3.6%. I expect both reports to show an uptick in activity.

The implications for markets over the coming weeks are that both stocks and yields should move higher in the absence of negative news on the trade front.

Tags: Economic data | Economic growth | Manufacturing data | Stocks | Equities | Jobs report

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