Learn the trade here. Make it on tradeMONSTER

Options Trading News

November 1, 2012  Thu 12:45 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Today's schedule is more active with economic data overseas and in the United States.

The first big report that is likely to impact sentiment is China's October purchasing managers index, scheduled for overnight release. Economists forecast a reading of 50.2, up from 49.8 in September, indicating growth in the country's manufacturing sector. The news could especially affect copper, steel and coal stocks.

U.S. employment data begins at 7:30 a.m. ET with the monthly Challenger job-cut report. The number, which isn't followed by economists, came in at 33,816 last month. ADP's monthly index of private-sector employment follows at 8:15 a.m. ET and is expected to show a gain of 155,000 jobs. Weekly jobless claims follow 15 minutes later and are forecast to remain the same as last week's 369,000.

For Challenger and jobless claims, lower numbers are bullish and bigger numbers are positive. For ADP, the opposite is true.

Three more reports follow at 10 a.m. ET. The Institute for Supply Management's manufacturing index is the most important, and is expected to show a reading of 51 versus 51.5 in September. The Conference Board's gauge of consumer confidence is forecast to climb to 72.5 versus 70.3 one month earlier. The oldest and least important report is September construction spending from the Commerce Department.

Energy Department data on crude-oil and natural-gas inventories will follow at 10:30 a.m. ET.

Also before the market opens, pharmaceutical giant Pfizer will report third-quarter results.
Share this article with your friends


Related Stories

SPX

Futures spike up on central banks

November 21, 2014

S&P 500 futures are up 0.8 percent, but Europe is leading the charge with a move of more than 2 percent. Central bankers in China and Europe fueled the moves.

SPX

Quiet agenda before Thanksgiving

November 21, 2014

Today's calendar is empty, followed by a busy week heading into Thanksgiving next Thursday. The only items are quarterly results from Foot Locker and ANN.

SPX

Stocks pull back on weak global data

November 20, 2014

S&P 500 futures are down 0.4 percent, but the losses are much sharper in Europe. Australia was the only big mover in the Asia-Pacific region, with a drop of 1 percent overnight.

SPX

Economic, company news on tap

November 20, 2014

Initial jobless claims and consumer prices for October get the ball rolling at 8:30 a.m. ET. Best Buy, Dollar Tree, GasLog, and JinkoSolar announce quarterly results before the opening bell.

SPX

Stocks hold firm before housing data

November 19, 2014

S&P 500 are little-changed, fighting back from modest losses earlier in the morning. Italy and Germany are the biggest movers across the Atlantic, while Asia was moderately lower overnight.

Premium Services

Webinar Playback

eSignal "Back in Black": Multi-Speaker Free Webinar

Education & Strategy

Some things aren't what they seem

As we scan the Heat Seeker, Depth Charge, and other option-tracking systems, we sometimes see heavy activity in calls and...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER