Overview – Barron’s | MarketScreener

Monday 1/3

Stock exchanges around the world, including Canada, Japan, and the UK, are closed on New Years Day.

The Census Bureau releases data on construction spending for November. The consensus estimates the total will increase 0.6%, month over month, to a seasonally adjusted annual rate of $ 1.61 trillion. That would be a record, surpassing October’s $ 1.6 trillion.

Tuesday 1/4

The Bureau of Labor Statistics publishes the Survey of Job Openings and Workforce Turnover. Economists are forecasting 11.2 million job openings on the last working day of November, 167,000 more than in October. Jobs remain close to the record high of 11.1 million set earlier this summer.

The Institute for Supply Management releases its Manufacturing Purchasing Managers Index for December. Expectations are for a reading of 60.5, roughly same with the November figure. The ISM’s PMI had 18 consecutive monthly readings over 50, indicating expansion in the US manufacturing sector.

Wednesday 1/5

Costco Wholesale announces its sales for December.

The Federal Open Market Committee publishes the minutes of its monetary policy meeting in mid-December.

The Bureau of Economic Analysis reports light vehicle sales for December. The consensus estimate is for a seasonally adjusted annual rate of 13.5 million vehicles. This would be 4.7% more than in November, but 17.2% less than a year ago. Supply constraints, particularly a global semiconductor shortage, hampered auto sales for much of the second half of 2021.

Thursday 1/6

Conagra Brands, Constellation Brands, Lamb Weston Holdings and Walgreens Boots Alliance report quarterly results.

ISM publishes its PMI Services for December. Economists were forecasting a reading of 66.9, about two points below the November figure, which was a record for the index’s 23-year history.

The Ministry of Labor reports the first jobless claims for the week ending January 1. For the four weeks of December, requests averaged 199,250, the lowest number since October 1969.

Friday 1/7

The Ministry of Labor publishes the employment report for December. The economy is expected to create 374,000 jobs, following a gain of 210,000 non-farm jobs in November. The unemployment rate is expected to decline to 4.1% from 4.2%. Payroll gains are well below estimates in three of the previous four employment reports, with an average shortfall of 343,300. The labor force participation rate is expected to climb to 61.9% from 61.9%. 8%.

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(END) Dow Jones Newswires

12/31/21 2145 ET

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