ECONOMIC REPORTS Data will include ISM manufacturing index for November and construction spending for October (Monday), ADP employment for November; revised third-quarter productivity, ISM service index for November and factory orders for October (Wednesday), weekly jobless claims (Thursday) and unemployment for November, Thomson Reuters/University of Michigan consumer sentiment index for December and consumer credit for October (Friday).
CORPORATE EARNINGS Companies scheduled to report include Toll Brothers and Pandora Media (Tuesday) and Smithfield Foods (Thursday).
IN THE UNITED STATES On Monday, automakers will report their North American sales for November; and the Financial Stability Oversight Council will meet in a closed session in Washington.
On Tuesday, John Stumpf, the chief executive of Wells Fargo; Brian Moynihan, the chief executive of Bank of America; and Kenneth Chenault, the chief executive of American Express, will speak at the Goldman Sachs Financial Services Conference at the Conrad Hotel in New York; and the Federal Deposit Insurance Corporation will release its quarterly banking profile on industry earnings.
On Wednesday, a House Financial Services subcommittee will conduct a hearing about the economic and market implications of provisions in the Dodd-Frank overhaul law on derivatives; and the Department of Energy will release its annual forecast for energy supply, demand and prices to 2040.
On Thursday, the Census Bureau will release the third of three broad surveys about 2007-11 data on income, education, occupation and other features; a federal judge will hear Apple’s arguments for permanently barring United States sales of eight Samsung smartphone models; the Joint Economic Committee will conduct a hearing about the effect of the so-called fiscal cliff on the economy and the middle class; the House Transportation Committee will conduct a hearing on the high-speed and intercity passenger rail program; the Senate Banking Committee will conduct a hearing about oversight of the Federal Housing Administration; a Senate Commerce subcommittee will conduct a hearing about the effect of Hurricane Sandy on the nation’s transportation systems; and Edward DeMarco, acting director of the Federal Housing Finance Agency, will speak at the Securities Industry and Financial Markets Association’s securitization outlook conference in New York.
On Friday, American Airlines’ pilots will conclude voting on their contract.
OVERSEAS On Monday, euro zone finance ministers will meet in Brussels to discuss the fiscal troubles of Greece, Spain and Cyprus; and the United Nations World Conference on International Telecommunications will start in Dubai and run through Dec. 14. Representatives from 193 United Nations member states will develop new international rules and guidelines.
On Tuesday, European Union finance ministers will meet in Brussels to discuss banking oversight.
On Wednesday, the United States Embassy in Beijing will bring together Chinese investors to discuss investment opportunities with officials from American states; and George Osborne, the chancellor of the Exchequer in Britain, will present updates of economic and fiscal forecasts.
On Thursday, the European Central Bank and the Bank of England will issue decisions about interest rates.
Article source: http://www.nytimes.com/2012/12/03/business/economy/economic-reports-for-the-week-of-dec-3.html?partner=rss&emc=rss
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