Options Trading News

September 30, 2013  Mon 2:14 AM CT

This week's calendar is full of economic data, though political events in Washington will likely be the main catalyst.

The United States faces the prospect of a government shutdown tomorrow morning because the Senate is refusing to pass a House-approved budget. House Republicans are trying to use the budget to delay implementation of the Obamacare health law, galvanizing Democratic opposition. At this point a shutdown appears likely, which will almost certainly hurt sentiment. News reports that the situation will end or be extended could trigger buying and selling in the market.

In addition to politics, this week is one of the busiest of the month for important economic data. It begins with Chinese and Japanese manufacturing reports late Sunday night. The Australian central bank follows with its monetary announcement shortly after midnight, which is often viewed as a window into the Chinese economy. Commodity and materials stocks could be especially affected.

The only data release in the United States is the Chicago Purchasing Managers Index at 9:45 a.m. ET. Economists expect a reading of 53.7, up from 53 in August. More Chinese manufacturing numbers follow in the evening.

Tomorrow brings European manufacturing data and the Institute for Supply Management's key index of U.S. manufacturing activity. Construction spending will also be released.

Wednesday features the European Central Bank's interest-rate decision, followed by ADP's private-sector payrolls report for the United States.  Oil inventories follow and the Bank of Japan announces monetary policy in the evening.

Thursday brings initial jobless claims, factory orders and ISM's non-manufacturing index. The agenda climaxes Friday morning with non-farm payrolls, typically the most important economic release of the month.

In addition to the economic and political events, companies could preannounce results because as the third quarter ends. Earnings season will gain momentum in coming weeks.
Share this article with your friends

Related Stories


Stocks inch higher before events

November 30, 2015

S&P 500 futures are up 0.2 percent but remain within their recent range. European markets rose fractionally and Asia fell overnight, led by a drop of almost 2 percent in Seoul.


Jobs, ECB, OPEC on full docket

November 30, 2015

The Chicago Purchasing Managers Index and pending home sales get the ball rolling today at 9:45 a.m. and 10 a.m. ET, respectively.


Stocks inch higher before data

November 25, 2015

S&P 500 futures are up about 0.1 percent, while most of Europe is rallying more than 1 percent. Asia was mostly lower overnight.


Calendar is busy before holiday

November 25, 2015

Today's agenda is packed with data, including mortgage applications, jobless claims, durable goods, personal income and spending, consumer sentiment, and new home sales.


Stocks fall after Russian jet downed

November 24, 2015

S&P 500 futures are down 0.6 percent, while most of Europe has fallen more than 1 percent. Asian markets were little-changed.


Premium Services

Education & Strategy

The art of trading

As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »