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Sunday, November 8, 
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Deal Economic Calendar: week of Dec. 8

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The U.S. and global economies are obviously hurting and escaping this malaise will likely take time. In the meantime, markets are digesting every economic crumb to decipher the pulse of the economy.

One barometer people will be watching next week is the release of initial jobless claims on Dec. 11 at 8:30 am EST. The previous initial jobless claims numbers have hovered at a 4-week moving average of 524,000 as of Nov. 29. No sector of the economy seems to have been spared from layoffs as Americans see financials, automakers, media, technology as well as pharmaceuticals shrinking their ranks.

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Meanwhile, pending home sales for the month of October will be released on Dec. 9 as the market expects a decline of 2.3%.

For a closer look at some of these and other key dates, please see below:

Deal Economic Calendar: 2008
The release dates of economic statistics to look for in December.*

December
Dec. 9

10 a.m. EST - Pending home sales for the month of October. Market expects a decline of 2.3%.

Dec. 10   9 a.m. EST - Mortgage Applications Survey.
10 a.m. EST - Wholesale inventories for the month of October. Market expects an increase of 0.2%.
Dec. 11   8:30 a.m. EST - Initial jobless claims.
8:30 a.m. EST - Trade balance for the month of October. The market expects a deficit of $54 billion.
Dec. 12 8:30 a.m. EST - Producer Price Index for November. Market expects a decrease of 1.8%.
8:30 a.m. EST - Retail sale for the month of November. The market expects a decrease of 1.4%.
10:00 a.m. EST - Business inventories for the month of October. The market expects a decrease of 0.1%.
Dec. 15  9:15 a.m. EST - Industrial production.
Dec. 16 8:30 a.m. EST - Building permits for the month of October.
8:30 am EST - Consumer Price Index.
Dec. 18 8:30 a.m. EST - Initial jobless claims.

10:00 am EST - Leading indicators, which is calculated using:

1. The interest rate spread between 10-year Treasury notes and the federal funds rate.
2. The inflation-adjusted, M2 measure of the money supply.
3. The average manufacturing workweek.
4. Manufacturers' new orders for consumer goods and materials.
5. The S&P 500 measure of stock prices.
6. The vendor performance component of the NAPM index.
7. The average level of weekly initial claims for unemployment insurance.
8. Building permits.
9. The University of Michigan index of consumer expectations.
10. Manufacturers' new orders for nondefense capital goods.

Dec. 23 Final gross domestic product for the third quarter.

*Note: Dates are subject to change.
** To be announced.
Source: The Deal, Reuters and DealAnalytics.com





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