Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Economic Calendar Event Update - Jan 17

Thursday, January 17, 2013 8:48 AM

These are the U.S. economic calendar events for Thursday, January 17, 2013. All times are EST.

Building Permits for Dec are scheduled to be released at 8:30 AM. Analysts are estimating a result of 905K. The prior period for Building Permits had a result of 899K. This event has a moderate effect on US markets.

Continuing Claims for the week ending on 01/05 are scheduled to be released at 8:30 AM. Analysts are estimating a result of 3100K. The prior period for Continuing Claims had a result of 3109K. This event has a moderate effect on US markets.

Housing Starts for Dec are scheduled to be released at 8:30 AM. Analysts are estimating a result of 889K. The prior period for Housing Starts had a result of 861K. This event has a moderate effect on US markets.

Initial Claims for the week ending on 01/12 are scheduled to be released at 8:30 AM. Analysts are estimating a result of 370K. The prior period for Initial Claims had a result of 371K. This event has a moderate effect on US markets.

Philadelphia Fed for Jan are scheduled to be released at 10:00 AM. Analysts are estimating a result of 5.2. The prior period for Philadelphia Fed had a result of 4.6. This event has a moderate effect on US markets.

At the release of important events, US equity markets (INDEXSP:.INX) can make major moves. Be sure to keep an eye on S&P (NYSEARCA:SPY), Nasdaq (NYSEARCA:QQQ) and Dow Jones (NYSEARCA:DIA) at the time of announcements.

Here is some more information about the events discussion in this article.

Building Permits: Building permits are permits taken out in order to allow excavation. An increase in building permits and starts usually occurs a few months after a reduction in mortgage rates. Permits lead starts, but permits are not required in all regions of the country, and the level of permits therefore tends to be less than the level of starts over time. The monthly national report is broken down by region: Northeast, Midwest, South, and West. Briefing recommends analyzing the regional data because they are subject to a high degree of volatility. The high volatility can be attributed to weather changes and/or natural disasters. For example, an unexpectedly high level of rain in South could delay housing starts for the region.

Continuing Claims: An indicator derived from weekly unemployment data used to gauge the current state and direction of employment. The data, supplied by the Department of Labor, consists of those people who have filed a claim and who are still receiving benefits. Critics point to the volatility of the data which makes it somewhat imprecise as a snapshot of employment conditions. When combined with other indicators onto a four-week moving average, it provides a clearer indication. Read more: http://www.businessdictionary.com/definition/continuing-An indicator derived from weekly unemployment data used to gauge the current state and direction of employment. The data, supplied by the Department of Labor, consists of those people who have filed a claim and who are still receiving benefits. Critics point to the volatility of the data which makes it somewhat imprecise as a snapshot of employment conditions. When combined with other indicators onto a four-week moving average, it provides a clearer indication.

Housing Starts: Housing Starts are a measure of the number of residential units on which construction is begun each month. A start in construction is defined as the beginning of excavation of the foundation for the building and is comprised primarily of residential housing.

Initial Claims: Initial jobless claims measure the number of filings for state jobless benefits. This report provides a timely, but often misleading, indicator of the direction of the economy, with increases (decreases) in claims potential signalling slowing (accelerating) job growth. On a week-to-week basis, claims are quite volatile, and many analysts therefore track a four week moving average to get a better sense of the underlying trend. It typically takes a sustained move of at least 30K in claims to signal a meaningful change in job growth. There are two other statistics in this report -- the number of people receiving state benefits and the insured unemployment rate; neither is watched closely by the market. Some analysts track the number of people receiving state benefits from month to month as a guide for job growth, though this series has a poor track record in predicting the monthly employment report. The insured unemployment rate changes little on a weekly basis and is never a factor for the market.

Philadelphia Fed: Survey conducted by the Philadelphia Fed questioning manufacturers in the Third Federal Reserve District on general business conditions. Conducted since 1968, the "Philly Fed" survey is an established report, valued for its timeliness, scope of coverage and tendency to forecast developments in the market moving ISM Manufacturing figure. Higher Philadelphia Fed Survey figures indicate a positive outlook from manufacturers, suggesting increased production. Higher production contributes to economic growth, which is generally bullish for the dollar. Results are calculated as the difference between percentage of positive and negative scores; zero acts as the centerline point.

PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!

Latest Headlines

Bank of America names CEO Moynihan chairman of boardBank of America names CEO Moynihan chairman of board
(Reuters) - Bank of America Corp <BAC.N> said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately. He succeeds Charles Holliday, who served as the company`s...
Fannie, Freddie shares slump after investor lawsuits dismissedFannie, Freddie shares slump after investor lawsuits dismissed
(Reuters) - Shares of government-controlled Fannie Mae <FNMA.OB> and Freddie Mac <FMCC.OB> plummeted on Wednesday, the day after a judge upheld the U.S. Treasury`s right to seize the mortg...
Risks to 'Abenomics' growing, whether Japan PM raises tax or notRisks to 'Abenomics' growing, whether Japan PM raises tax or not
TOKYO (Reuters) - If history is a guide, a string of disappointing economic reports in Japan would seem to argue against raising the country’s sales tax again. But the risks for “Abenomics” are incr...
Philips Electronics loses $467 million verdict in Masimo patent casePhilips Electronics loses $467 million verdict in Masimo patent case
(Reuters) - A federal jury on Wednesday said Philips Electronics NA should pay $466.8 million to Masimo Corp <MASI.O> for having infringed two patents for technology used to help measure blood o...
Philips Electronics loses $467 million patent verdict to MasimoPhilips Electronics loses $467 million patent verdict to Masimo
(Reuters) - A federal jury on Wednesday said Philips Electronics NA should pay $466.8 million to Masimo Corp <MASI.O> for having infringed two patents for technology used to help measure blood o...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.