Reuters Insider - U.S. Week Ahead: November jobs report, Janet Yellen speaks

Pacific Ventures

27/11/2015 18:41

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 Source:             Thomson Reuters                                   
                                                                       
 Description:        We get the monthly jobs report from the           
                     government. Plus, Fed Chair Janet Yellen speaks.  
 
 
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Transcript (May be auto-generated)

                 After a pretty big shopping weekend, the focus shifts to the economy. But first,
we get more retail news when several names report for the results. American 
Eagle is among the bunch. The Pittsburgh-based apparel company reports on 
Tuesday after the market close, and management has been pretty upbeat about the 
holiday shopping season. American Eagle raised its third quarter earnings 
forecast earlier this month and that was helped by a 9% rise in same-store 
sales. Now, as for the stock, it's a winner in 2015, up 20%. 18 of the 28 
analysts that cover that name, according to Thomson Reuters StarMine, have a 
'buy' or 'strong buy'. 

Now, other names supporting next week include Aerospostale, Dollar General, and 
Zumiez. Now, let's shift gears and turn to the Fed. We'll hear from Chair Janet 
Yellen first on Wednesday, she speaks on the economic outlook before the 
Economic Club of Washington; she's also expected to give welcome remarks at the 
National College Fed Challenge Finals. Now, on Thursday, Yellen testifies before
the Congressional Joint Economic Committee. Markets, of course, will be 
listening for any further comments regarding a December interest rate hike. Now,
separately, President of the European Central Bank Mario Draghi will speak at 
the Economic Club of New York; that event takes place on Friday. And your top 
story, it's likely one of the most important pieces of data for the Fed to 
consider before its big decision on interest rate and that is, of course, the 
November jobs report - the economy seen adding 200,000 jobs in the month, much 
lower than the 271,000 reported in October, the unemployment rate expected to 
remain near a seven-year low at 5%. Now, reports on manufacturing and housing, 
as well as auto sales, also come out. I'm Leah Duncan, and this is Reuters