| Symbol |
R1 |
R2 |
Pivot |
S1 |
S2 |
| ESZ9 |
1116.08 |
1123.67 |
1104.17 |
1096.58 |
1084.67 |
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Fed and Fed Agency Announcements
Tim Geithner Speaks
9:30 AM ET
Beige Book
![[djStar]](http://mam.econoday.com/images/mam/djstar.gif)
2:00 PM E
Specific Consensus Commentaries
MBA Purchase Applications
|
| Released on 12/2/2009 7:00:00 AM For wk11/27, 2009 |
|
Prior |
Actual |
| Purchase Index – W/W Change |
9.6 % |
4.1 % |
|
|
Highlights
MBA’s purchase application index rose 4.1 percent in the holiday shortened Nov. 27 week. The refinance index rose 1.7 percent. Low rates are a big plus for mortgage demand with 30-year loans averaging 4.79 percent, down 3 basis points for the lowest rate since May. Indications on the housing market are picking up steam.
Challenger Job-Cut Report
|
| Released on 12/2/2009 7:30:00 AM For November, 2009 |
|
Prior |
Actual |
| Announced Layoffs – Level |
55,679 |
50,349 |
|
|
Highlights
Challenger’s count of layoff intentions slipped to 50,349 in November vs. October’s 55,679. In a reminder of how much layoffs have eased, the year-ago total for November was 181,671. But a bad sign is a lack of hiring intentions, totalling only 10,076 in the month vs. October’s 57,520. ADP’s payroll count is up at 8:15 ET
ADP Employment Report
|
| Released on 12/2/2009 8:15:00 AM For November, 2009 |
|
Prior |
Actual |
| ADP employment |
-203 M/M change (000) |
-169,000 M/M change (000) |
|
|
Highlights
ADP estimates November private payrolls will drop 169,000. |
Definition
The ADP national employment report is computed from a subset of ADP records that in the last six months of 2008, represented approximately 400,000 U.S. business clients and approximately 24 million U.S. employees working in all private industrial sectors. The data are collected for pay periods that can be interpolated to include the week of the 12th of each month, and processed with statistical methodologies similar to those used by the U.S. Bureau of Labor Statistics to compute employment from its monthly survey of establishments. ADP also use ADP contracted with Macroeconomic Advisors to compute a monthly report that would ultimately help to predict monthly nonfarm payrolls from the Bureau of Labor Statistic’s employment situation. The ADP report only covers private (excluding government) payrolls at this time. As a simplification of the process used by Macroeconomic Advisors, estimates are based upon statistical comparison of ADP growth rates to BLS payroll employment growth rates at the industry level. ADP also adds in the BLS initial claims data for the week just prior to the employment report as part of its estimation procedure. (Automatic Data Processing (ADP)/Macroeconomic Advisers)
EIA Petroleum Status Report
|
| Released on 12/2/2009 10:30:00 AM For wk11/27, 2009 |
|
Prior |
Actual |
| Crude oil inventories (weekly change) |
1.0 M barrels |
2.1 M barrels |
|
|
Definition
The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products |
|
|
|
![[Report]](http://mam.econoday.com/images/mam/byreport_butt_new.gif)
7:00 AM ET
