Key Events This Week: Data Deluge And Fed Speaker Bonanza
Mon, 11/16/2020 – 09:21
With earnings season largely over, it doesn’t look like the busiest week on paper ahead after a hectic last two, however, markets will be busy digesting the latest vaccine news from Moderna, and waiting for additional news from AstraZeneca, while waiting to also hear if the Pfizer/BioNTech vaccine gets FDA emergency use approval later in the week.
With politics now largely in the rearview mirror, except for the neverending Brexit negotiations which nobody cares about any more, DB’s Jim Reid writes that on the data side, the US will release a large amount of hard data for October this week, including retail sales, industrial production (both tomorrow), housing starts and building permits (Wednesday). The more timely weekly initial jobless claims on Thursday will also be watched, having fallen to a post-pandemic low of 709k in the most recent data for the week through November 7.
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