As traders approach another pivotal day for financial markets, Friday, November 15, 2024, is set to deliver a series of crucial economic data releases that could sway market dynamics. The spotlight will be on retail sales figures and the New York Empire State Manufacturing Index, both of which are expected to provide valuable insights into consumer spending and regional manufacturing activity.
Major Economic Events to Watch
• 8:30 AM ET: Core Retail Sales (Oct) - Forecast: 0.3%, Previous: 0.5% - A key indicator of consumer spending excluding automobiles.
• 8:30 AM ET: Retail Sales (Oct) - Forecast: 0.3%, Previous: 0.4% - The foremost indicator of overall consumer spending.
• 8:30 AM ET: NY Empire State Manufacturing Index (Nov) - Forecast: -0.30, Previous: -11.90 - Measures business conditions in New York state.
Other Important Economic Events to Watch
• 8:30 AM ET: Export Price Index (Oct) - Forecast: -0.1%, Previous: -0.7% - Tracks price changes of U.S. export goods.
• 8:30 AM ET: Retail Control (Oct) - Previous: 0.7% - A measure of retail sales excluding certain volatile categories.
• 8:30 AM ET: Import Price Index (Oct) - Forecast: -0.1%, Previous: -0.4% - Measures price changes in imported goods and services.
• 9:15 AM ET: Industrial Production (Oct) - Forecast: -0.3%, Previous: -0.3% - Measures changes in output from manufacturers, mines, and utilities.
• 10:00 AM ET: Business Inventories (Sep) - Forecast: 0.2%, Previous: 0.3% - Measures changes in the value of unsold goods held by businesses.
• 10:00 AM ET: Retail Inventories Ex Auto (Sep) - Forecast: 0.1%, Previous: 0.1% - Measures retail inventory levels excluding automobiles.
• 1:00 PM ET: Atlanta Fed GDPNow (Q4) - Forecast: 2.5%, Previous: 2.5% - A running estimate of real GDP growth for the current quarter.
• 1:00 PM ET: Baker Hughes (NASDAQ:BKR) U.S. Rig Count - Previous: 479 - An important barometer for the oil drilling industry.
• 1:00 PM ET: U.S. Baker Hughes Total (EPA:TTEF) Rig Count - Previous: 585 - Measures the total number of active drilling rigs.
• 1:15 PM ET: FOMC Member Williams Speaks - Federal Reserve official's speech may provide insights into monetary policy.
• 3:30 PM ET: CFTC Crude Oil speculative positions - Previous: 196.1K - Indicates market sentiment in crude oil futures.
• 3:30 PM ET: CFTC Gold speculative positions - Previous: 255.3K - Reflects market sentiment in gold futures.
• 3:30 PM ET: CFTC Nasdaq 100 speculative positions - Previous: 16.1K - Shows speculative positioning in Nasdaq 100 futures.
• 3:30 PM ET: CFTC S&P 500 speculative positions - Previous: 113.4K - Indicates speculative positioning in S&P 500 futures.
Other Economic Events to Watch
• 8:30 AM ET: Retail Sales Ex Gas/Autos (Oct) - Previous: 0.7% - Measures retail sales excluding volatile components.
• 8:30 AM ET: Retail Sales (Oct) - Previous: 1.74% - Year-over-year change in retail sales.
• 8:30 AM ET: Export Price Index (Oct) - Previous: -2.1% - Year-over-year change in export prices.
• 8:30 AM ET: Import Price Index (Oct) - Previous: -0.1% - Year-over-year change in import prices.
• 9:15 AM ET: Manufacturing Output (Oct) - Forecast: -0.5%, Previous: -0.4% - Measures changes in manufacturing production.
• 9:15 AM ET: Capacity Utilization Rate (Oct) - Forecast: 77.4%, Previous: 77.5% - Indicates the percentage of production capacity being utilized.
• 3:30 PM ET: CFTC Aluminium speculative net positions - Previous: 3.1K - Shows speculative positioning in aluminum futures.
• 3:30 PM ET: CFTC Copper speculative positions - Previous: 23.7K - Indicates market sentiment in copper futures.
• 3:30 PM ET: CFTC Corn speculative positions - Previous: 102.6K - Reflects speculative positioning in corn futures.
• 3:30 PM ET: CFTC Natural Gas speculative positions - Previous: -156.4K - Shows market sentiment in natural gas futures.
• 3:30 PM ET: CFTC Silver speculative positions - Previous: 53.3K - Indicates speculative positioning in silver futures.
• 3:30 PM ET: CFTC Soybeans speculative positions - Previous: -89.0K - Reflects market sentiment in soybean futures.
• 3:30 PM ET: CFTC Wheat speculative positions - Previous: -22.5K - Shows speculative positioning in wheat futures.
For further information and the latest updates, please refer to our Economic Calendar, here.
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