OptionsHouse

Options Trading News

September 5, 2013  Thu 2:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Today's schedule of economic reports is the busiest of the week, with key news from both sides of the Atlantic.

The headlines start early with European service-sector data, German manufacturer orders, and the European Central Bank's monetary announcement.

U.S. retailers will report same-store sales throughout the morning, which could affect trading in those names. The Challenger job-cut report will be announced at 7:30 a.m. ET, but the main event comes at 8:15 when ADP releases private-sector payrolls for August. Economists expect an addition of 180,000 jobs, down from 200,000 the previous month.

The Labor Department follows 15 minutes later with weekly jobless claims. Forecasters anticipate a reading of 333,000, up from 331,000 in the previous period. Higher numbers are positive for the ADP report but negative for jobless claims, and vice versa.

The Institute of Supply Management is scheduled to announce its service-sector index at 10 a.m. ET. Economists predict a reading of 54.5, down from 56 in the previous month. Figures above 50 indicate expansion, so higher numbers are positive.

The Census Department will also release factory orders at the same time, but it's unlikely to sway sentiment because it covers the now-distant month of July. Forecasts are looking for a drop of 3.7 percent, compared with a 1.5 percent gain in June.

Natural-gas and crude-oil inventories round out the session at 10:30 a.m. ET and 11 a.m. ET respectively.

The main event tomorrow is the Labor Department's key monthly non-farm payrolls report.
Share this article with your friends


Related Stories

SPX

Futures climb after jobs report

July 2, 2015

S&P 500 rose 0.3 percent, up from an earlier gain of 0.1 percent after non-farm payrolls missed estimates by a small margin.

SPX

Job data in focus before holiday

July 2, 2015

Non-farm payrolls, moved forward from Friday, and weekly jobless claims are due at 8:30 a.m. ET. Factory orders for May follow at 10 a.m. ET.

SPX

Stocks hold gains after jobs data

July 1, 2015

S&P 500 futures rebounded 0.8 percent as investors look past the Greek debt crisis and focus on economic news. Europe was broadly higher while bonds continue to fall.

SPX

ADP jobs, ISM lead busy agenda

July 1, 2015

Mortgage applications are today's first U.S. headline, followed by ADP private-sector payrolls and the Institute for Supply Management's manufacturing index.

SPX

Cramer: 7 reasons for a selloff

June 30, 2015

At least seven issues would have driven us down at least 1 percent yesterday. And you can tack on another 0.75 percent from the moves by parties on both side of the Greek crisis.

Invest Like a Monster - San Antonio: October 9-10

Premium Services

Archived Webinar

Education & Strategy

Real vs. Synthetic

We now know that there are two ways of creating a call position, a put position, and a stock position. We can simply use the actual real security or we can recreate it synthetically. We can create these positions in both long and short forms and this ability sets up an interesting scenario--an arbitrage!

View more education articles »