iBankCoin
Joined Dec 4, 2012
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The Week Ahead Is A Busy One

February 29, 2016

1.Geopolitical and Fiscal Events. Wednesday sees Federal Reserve San Francisco President John Williams speak at 10:00 a.m. EST. Friday sees Federal Reserve Governor Lael Brainard speak in Washington to the Institute of International Bankers.

2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and Chicago PMI, pending home sales, construction spending, ADP Payroll, ISM Index, factory orders, ISM Services and monthly employment data.

3.Earnings Releases. Notable releases include VRX ENDP MDT BNS COST SINA KR AVGO SPLS BIG.

Monday, February 29

China Manufacturing PMI is due out at 8:00 p.m. EST.

Bank of Australia releases its latest interest rate decision at 9:30 p.m. EST.

Tuesday, March 1

January Construction Spending is due out at 10:00 a.m. EST and is expected to rise to 0.3% from 0.1%. At the same time, February ISM Index is expected to rise to 48.7 from 48.2.

12 states hold primaries on Super Tuesday.

Wednesday, March 2

ADP Payroll for February is due out at 8:15 a.m. EST and are expected to fall to 185,000 from 205,000.

The Federal Reserve March Beige Book is due out at 2:00 p.m. EST. China Service PMI is due out at 8:45 p.m. EST.

Thursday, March 3

January Factory Orders are due out at 10:00 a.m. EST and expected to improve to 3.0% from -2.9% At the same time, February ISM Services are due out at expected to drop to 52.9 from 53.5.

Friday, March 4

February Nonfarm Payrolls are released at 8:30 a.m. EST and is expected to move to 180,000 from 151,000. The Unemployment Rate is expected to remain at 4.9%.

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