Mello
The Stockopedia content team will be attending this investing conference next week on 18 and 19 November. The full schedule has now been released. Ed will be doing a talk on Wednesday at 15:25, and I will be doing one at 16:45 on the Tuesday. Do come and say hi if any subscribers are planning on being there too.
Markets
After a reasonable start to the week, it has been a weak end for the major indices. Hawkish commentary from the US Fed has dampened expectations for an interest rate cut in December. Only three stocks in the FTSE100 were blue this morning, with the banks particularly badly hit:
[Heat map: Hargreaves Landsdowne]
Here's what we can look forward to next week:
Economic Calendar
Monday 17 Nov |
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Tuesday 18 Nov |
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21:30 |
United States |
API Crude Stocks |
23:50 |
Japan |
Balance of Trade |
Wednesday 19 Nov |
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07:00 |
UK |
Inflation Rate |
13:30 |
United States |
Housing Starts Building Permits |
19:00 |
United States |
FOMC Minutes |
Thursday 20 Nov |
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08:00 |
Euro Area |
ECB General Council Meeting |
15:00 |
United States |
Existing Home Sales |
23:30 |
Japan |
Inflation Rate |
Friday 21 Nov |
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07:00 |
UK |
Retail Sales |
09:30 |
UK |
Purchasing Managers Index |
14:45 |
United States |
Purchasing Managers Index |
US Housing
Housing will be a key focus in the US, with forward-looking indicators of Building Permits and Housing Starts being reported on Wednesday and Existing Home Sales on Thursday.
The most forward-looking of the indicators, Building Permits, were weak in August and came in slightly below consensus:
[All charts in this section: Trading Economics]
Forecasts are for this to be flat when September's figures are released next week, but pick up towards the end of the year. Another miss may indicate underlying weakness in the US economy. It is a very similar, but noisier picture for Housing Starts:
It is a slightly cheerier picture for Existing Home Sales:
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