Home > Uncategorized > 2011/11/28: Quick Post: Observations and Weekly Reports & Events Calendar Now Available

2011/11/28: Quick Post: Observations and Weekly Reports & Events Calendar Now Available

© 2011 ROHR International, Inc. All International rights reserved.

The full calendar is available through the link in the right hand column. This is such a robust week once again, it is impossible to include anything but a fraction of the major influences in an overview. Yet, key aspects will be those that relate to the continuing debt and fiscal reform problems in both Europe and the US.

In addition to the continued sharp influences from the attempts to address the European Sovereign Debt Crisis, there is also going to be quite an impact from important scheduled reports, communication from central banks and bankers, and government debt auctions. Regularly scheduled reports this week cover the typical transition week at the end of one month into the early part of the next; culminating in US Employment on Friday. And the auctions include quite a few long-dated offerings from Europe.

In addition to the typical late month data and important top of the month influences like global manufacturing PMIs and US Employment, somewhat atypical reports and events this week are also telling either in importance or unique content. Those begin today with the OECD Economic Outlook and New York Fed’s Q3 Report on Household Debt and Credit.

Wednesday afternoon brings the release of the Federal Reserve Beige Book. That brings us to Thursday’s Bank of England Financial Stability Report and press conference, followed by that evening’s (GMT) presentation of the ECB’s 2010 Annual Report to the EU Parliament by President Draghi.

And the auctions include quite a few long-dated offerings from Europe. Those begin today with an Italian 12-year auction, followed tomorrow by a range of other Italian offerings. Spain, France and the UK also come to market on Thursday. We must presume those are not going to be helped by scheduled UK public sector and Greek private sector anti-austerity protests Wednesday and Thursday (respectively.)

General Market Observations

It is important to note the December S&P 500 future drop below 1,240-30 critical support two weeks ago left it testing the 1,155-45 next major technical trend support area late last week. And that has importance beyond just the other equities. It also is an influence on the general psychology of other asset classes, even if those relationships are evolving as well. For more on that see Friday’s TrendView BRIEF UPDATE. Its decision at the 1,155-45 will continue to be an influence on the other equities and asset classes.

Thanks for you interest.

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