EARNINGS AND ECONOMIC DATA FOR THE WEEK AHEAD

EARNINGS:

MON AH: $AI, $ORCL, $TOL

TUES AH: $GME

WEDS: $M, $ADBE (AH)

THURS AH: $AVGO, $COST

ECONOMIC CALENDAR:

CPI and PPI will be the big talking points this week in the US, also on Wednesday too we will be eagerly waiting to hear what announcements will be made from the Economic Conference in Beijing in relation to their Growth Plans and Stimulus measures.

The Fed needs CPI to come in as expected, any unexpected rise could influence the Feds next decision on rate cuts.

Monday, December 9:

• Wholesale Inventories (October): The Census Bureau will report on wholesale inventories, providing insights into supply chain dynamics and business stockpiling behaviors.

Tuesday, December 10:

• NFIB Small Business Optimism Index (November): This index reflects the sentiment of small business owners regarding economic conditions. In October, the index improved to 93.7, matching its July level.

Wednesday, December 11:

• Consumer Price Index (CPI) (November): The Bureau of Labor Statistics will release the CPI data, a key measure of inflation at the consumer level. In October, the CPI rose by 2.6% year-over-year.

• Monthly U.S. Federal Budget (November): The Treasury Department will provide the federal budget data, indicating the government's fiscal position.

Thursday, December 12:

• Producer Price Index (PPI) (November): This index measures inflation at the wholesale level, offering insights into price changes before they reach consumers. In October, the PPI increased by 2.4% year-over-year.

• Initial Jobless Claims (Week ending December 7): The Department of Labor will release data on new unemployment claims, a timely indicator of labor market health.

Friday, December 13:

• Import Price Index (November): This index provides information on price changes for imported goods, affecting trade balances and inflation.

These data releases will be closely monitored by investors and policymakers, especially with the Federal Reserve's upcoming interest rate decision. Recent inflation trends have exceeded the Fed's target, and the forthcoming data could heavily influence whether the Fed opts for a rate cut.