Good Morning Traders!, Today is Monday the 5th of December. Here are some things to look out for ahead of today's session.
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.
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%
11:00 AM ET
ECB's Wunsch Speaks