Before the Open (Nov 29)

Posted on by Jason Leavitt

Good morning. Happy Wednesday.
The Asian/Pacific markets closed mixed and little changed. Japan and Australia moved up; Hong Kong and the Philippines moved down. Europe, Africa and the Middle East currently lean to the upside. Greece is up 2%; Kenya, Spain and Portugal are up more than 1%; France, Germany, South Africa, Finland and Italy are also doing well. Russia is down 1%; the UK, Poland and Hungary are down. Futures in the States point towards a positive open for the cash market.
The dollar is up. Oil and copper are down. Gold and silver are down. Bonds are down.
Cyber Week Special…
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Today’s Economic Calendar
7:00 MBA Mortgage Applications
8:30 GDP Q3
8:30 Corporate profits
8:30 Fed’s Dudley: “Prospects for the National and Regional Economy”
10:00 Pending Home Sales
10:00 Yellen testify before Congressional Joint Economic Committee
10:30 EIA Petroleum Inventories
1:50 PM Fed’s Williams Speech
2:00 PM Fed’s Beige Book
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY

One thought on “Before the Open (Nov 29)”

  1. Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the third quarter of 2017, according to the “second” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent.
    Profits from current production (corporate profits with inventory valuation adjustment and capital consumption adjustment) increased $91.6 billion in the third quarter, compared with an increase of $14.4 billion in the second quarter.
    Think commodities.
    The full text of the release on BEA’s Web site.

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