Economic Events and Analysis
Week of November 24 through 28
US Calendar: Indicators are front loaded in the week ahead due to the Thanksgiving holiday on Thursday. Third quarter GDP gets a revision but that likely is a sleeper. Housing and manufacturing are two of the big issues as both sectors have been wavering. For housing, home prices will likely indicate strength of demand with the FHFA and Case-Shiller reports. For manufacturing, the key news will be durables orders. The consumer sector has been holding up moderately strong and is not as suspect. But notable releases are personal income, consumer confidence, and consumer sentiment.
Global Calendar: Germany, the UK and U.S. will update their third quarter gross domestic product data. Canada will release its third quarter growth data as well. The Organization of Petroleum Exporting Countries (OPEC) meets during the week to decide production quotas. Given the recent crude price declines, the meeting is expected to be contentious.