Weekly Fundamental and the Week Ahead
By BinaryOptionStrategy- David Frank
posted 19:31 07/09/11
| Binary Options
 
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ECONOMIC NEWS

Nonfarm payrolls rose only 18,000, according to the Labor Department, well below economists’ expectations for a 90,000 rise from a Reuters survey. The unemployment rate climbed to 9.2 percent, the highest since December 2010. This was up from 9.1 percent in May. Many economists raised their forecasts on Thursday after a stronger-than-expected reading on U.S. private hiring from payrolls processor ADP, and expected gains of anywhere between 125,000 and 175,000.

THE WEEK AHEAD

MONDAY: Earnings from Alcoa, Chevron interim results

TUESDAY: International trade, 3-yr note auction, FOMC Minutes, Campbell Soup analyst meeting

WEDNESDAY: Weekly mortgage apps, import & export prices, Bernanke speaks, oil inventories, 10-yr note auction

THURSDAY: PPI, retail sales, jobless claims, business inventories, 30-yr bond auction, money supply, NPD video games sales; Earnings from JPMorgan and Google

FRIDAY: CPI, Empire state mfg survey, industrial production, consumer sentiment, credit card default rates reported, Dell shareholder mtg; Earnings from Citigroup and Mattel

 
 
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