Reply To: Traders Market Weekly: Oil Caps, Sanctions and Services


The ADP Employment Change rose by 127,000 in November ( consensus 200,000) after an increase of 239,000 in October.

Q3 GDP second estimate rose to 2.9% ( consensus 2.7%) from the prior reading of 2.6%. The GDP Price Deflator second estimate rose to 4.3% ( consensus 4.1%) from the last reading of 4.1%.

The advanced report for international trade in goods reflected a $99.0 billion deficit in October following a revised $91.9 billion deficit in September (from $92.2 billion).

The advanced report for retail inventories fell 0.2% in October after a revised 0.1% decline in September (from +0.4%).

The advanced report for wholesale inventories showed a 0.8% build in October after a revised 0.6% build in September (from 0.8%).

The MBA Mortgage Applications Index fell 0.8% compared to last week with purchase applications rising 4% while refinancing applications fell 13%.