Market Weekly: December 1 – 7 2019


North American economic calendar empty today

Wards total vehicle sales for the month of November is the highlight

According to Bloomberg the estimate is for 16.9 million units versus 16.55 million units in October.

We have a 52 week auction in the US.

Things heat up tomorrow in North America with:

ADP nonfarm employment change estimate (140k vs 125K last month)
Bank of Canada rate statement
US ISM nonmanufacturing PMI
weekly crude oil inventories

On Thursday there is:

Challenger job cuts
Canadian trade balance
US trade balance
Weekly unemployment claims
US factory orders

And Friday

US employment report. Nonfarm payroll expected to rise by 190K versus 128K last month
Canada employment report. Employment change expected at 10K vs -1.8K
Preliminary University of Michigan consumer sentiment. 97.0 versus 96.8 last month

For today the lead from the equity and bond markets and any comments from Trump/administration officials.

US stock futures are tacking on a -226 open in the Dow. The S&P index is down -20 points and the NASDAQ index is down -73 points. T