World debt
World debt
Archives of “November 16, 2019” day
rssWhat does the profitability of the stock market depend on?
Key events and releases next week
Key events and releases for the week starting November 18
Monday, November 18
- US NAHB housing market index, 10 AM ET. Estimate 71 versus 71 last
- Fed’s Mester speaks at University of Maryland, 2 PM ET/1700 GMT
Tuesday, November 19
- RBA monetary policy meeting minutes, 7:30 PM ET (Monday)/0030 GMT
- Canada manufacturing sales, 8:30 AM ET/1330 GMT. Estimate -0.5 versus +0.8 last month
- US building permits and housing starts, 8:30 AM ET/1330 GMT. Building permits estimate 1385K. Housing starts 1320K
- FOMC member William’s speaks, 9 AM ET/1400 GMT. Speaking at Capital Market conference
- New Zealand global dairy trade price index, tentative
- BOC member Wilkins speaks, 1 PM ET/1800 GMT
Wednesday, November 20
- Japan trade balance, 6:50 PM ET/2350 GMT (Tuesday). 301.0 billion versus -124.8 billion
- Canada CPI, 8:30 AM ET/1330 GMT. YoY estimate 1.9% versus 1.9%
- FOMC meeting minutes, 2 PM ET/1900 GMT
Thursday, November 21
- ECB monitor policy meeting report, 7:30 AM ET/1230 GMT
- US Philly Fed manufacturing index, 8:30 AM ET/1330 GMT. Estimate 6.6 versus 5.6 last month
- Initial jobless claims, 8:30 AM ET/1330 GMT. Estimate 219K vs 225K last week
- US existing home sales, 10 AM ET/1500 GMT. Estimate 5.5M vs 5.38M last
Friday, November 22
- Australia flash manufacturing/services PMI, 5 PM ET (Thursday)/2200 GMT (Thursday). Last month manufacturing 50.0. Services PMI 50.8 last month
- Japan CPI data, 6:30 PM ET (Thursday)/2330 GMT (Thursday). YoY 0.3% versus 0.2% last
- Japan flash manufacturing PMI, 7:30 PM ET/0030 GMT
- German final GDP 3Q, 2 AM ET/0700 GMT
- ECB Pres. Lagarde speaks, 3 AM ET/0800 GMT
- France PMI data, 3:15 AM ET/0815 GMT
- German PMI data, 3:30 AM ET/0 830 GMT
- EU PMI data, 4 AM ET/0900 GMT
- Canada retail sales, 8:30 AM ET/1330 GMT. Estimate -0.1% versus -0.1% last month
- US Markit manufacturing/services PMI, 9:45 AM ET/1445 GMT. Services estimate 51.5 versus 51.0 last month. Manufacturing 51.5 versus 51.3 last month
- University of Michigan consumer sentiment (final), 10 AM ET/1500 GMT. Estimate 95.7 versus 95.7 preliminary
Pres Trump: We will be doing a major, middle income tax cut
Trump speaking on healthcare plan
- signed order and price transparency in healthcare
- order will force companies to compete
- rule will compel hospitals to publish prices
- consumer will have lots of choices regard to doctors hospital and price
- insurance firms will need to show treatment costs
in addition to his healthcare comments, Pres. Trump has also said:
- we will be doing a major, middle income tax cut
- tax-cut will be subject to Republicans winning house
Markets love liquidity.
Record closes for all three US indices to end the week
The Dow above 28000 for the first time ever. Indices close at record all time high levels.
The major indices are closing at records. The Dow hits 28,000 for the 1st time ever and looks like my close above that level as well. The S&P index and NASDAQ index are also trading at record levels and closed at the highs. It is hard to get any better than that.
The closing numbers are showing:
- The S&P index up 23.73 points or 0.77% at 3120.37. That is the high for the day. The low for the day was down at 3104.60
- The NASDAQ index is up 61.81 points or 0.73% at 8540.82. That too is the high for the day. The low for the day reached 8506.79.
- The Dow close up 222.45 points or 0.80% at 28004.69. Yes. it too is at the high for the day. The low for the day reached 27843.54.
Below are the percentage changes of the major North American and European indices today (along with their low to high ranges).
For the week, the Dow was the biggest gainer of a sample of major indices. The Shanghai composite index was the biggest decliner at -2.52%.
Thought For A Day
