The key economic reports this week are November CPI and the October trade deficit.
No major economic releases scheduled.
8:30 AM: Trade Balance report for October from the Census Bureau.
This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.
The consensus is the trade deficit to be $67.0 billion. The U.S. trade deficit was at $80.9 billion in September.
8:00 AM: Corelogic House Price index for October.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM ET: Job Openings and Labor Turnover Survey for October from the BLS.
This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.
Jobs openings decreased in September to 10.438 million from 10.629 million in August.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 228 thousand initial claims, up from 222 thousand last week.
12:00 PM: Q3 Flow of Funds Accounts of the United States from the Federal Reserve.
8:30 AM: The Consumer Price Index for November from the BLS. The consensus is for a 0.7% increase in CPI, and a 0.5% increase in core CPI.
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for December).