Good Morning Traders!, Today is Monday the 5th of December. Here are some things to look out for ahead of today's session.
Sentiment:
Federal Reserve officials have enough troubling inflation data to consider raising interest rates to a higher peak than investors expect, and possibly following the half-point hike signaled this month with another in February.
Watch leveraged loans for the first indications that aggressive central-bank rate hikes are beginning to hurt businesses.
According to Economists the service sector likely continued to expand in November, albeit at a slower pace, with the index expected to remain above the psychologically important 50 mark in data due out on December 5.
Docket:
8:30 AM ET
Canadian Building Permits MoM: Forecast 7.9%, Prior -17.5%
9:45 AM ET
US S&P Composite PMI Final: Forecast 46.3, Prior 46.3
US S&P Services PMI Final: Forecast 46.1, Prior 46.1
10:00 AM ET
US Factory Orders MoM: Forecast 0.7%, Prior 0.3%, Range 1.1%/0.5%
US ISM Services PMI: Forecast 53.3, Prior 54.4, Range 55.6/51.4
US Core Durable Goods Revised: Forecast 0.5%, Prior 0.5%
US Durable Goods Revised: Forecast 1.0%, Prior 1.0%
US ISM Services Employment|: Prior 49.1
US ISM Services New Orders: Prior 56.5
US ISM Services Prices Paid: Prior 70.7
11:30 AM ET
US Sells $54bln 3-Month Bills: B2C 2.560, HY 4.285%
US sells $45bln 6-Month Bills: B2C 2.900, HY 4.550%
Speakers:
11:00 AM ET
ECB's Wunsch Speaks
