US: Industrial production and jobless claims amongst market movers - TDS
Analysts at TDS suggest that US industrial production for October will provide the highlight of the data calendar while a number of Fed speakers round out the day’s events.
“Markets expect IP to rise by 0.5% m/m, with manufacturing production up by 0.6%. November import prices are seen rising 0.4% m/m, while ex-petrol import prices are expected to post a more modest 0.2% increase.”
“The Philadelphia Fed Index will give another look at regional business conditions for November after yesterday’s release of the Empire survey and the market looks for a modest pullback to 24.6 from 27.9. Initial jobless claims is the only other data release and the market consensus sees claims improving to 235k. Looking to the Fed, we will hear from Mester, Kaplan, Brainard and Williams.