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The Weekly Market Snapshot from Frazier Allen for the week of December 30th, 2012
Posted By Frazier Allen On Sunday, December 30, 2012 @ 6:00 pm In Business | No Comments
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Next week, the ISM manufacturing data and the December Employment Report will be important, helping to set the near-term economic outlook (beyond the fiscal cliff).
Seasonal adjustment can be tricky in December, but we should see a moderately strong gain in nonfarm payrolls.
The unemployment rate is expected to be flat or slightly higher.
Congress returns and we may see some leadership changes in the House.
|Last||Last Week||YTD return %|
|Dollars per British Pound||1.607||1.566|
|Dollars per Euro||1.321||1.307|
|Japanese Yen per Dollar||85.980||77.830|
|Canadian Dollars per Dollar||0.995||1.020|
|Mexican Peso per Dollar||13.023||14.039|
|10-year municipal (TEY)||2.69||2.67|
|New Year’s Eve (bond market closes early)|
|New Year’s Holiday (markets closed)|
|ISM Manufacturing Index (December)|
|ADP Payroll Estimate (December)
FOMC Minutes (December 11th-12th)
Motor Vehicle Sales (December)
|Employment Report (December)|
|Producer Price Index (December)
Retail Sales (December)
|Consumer Price Index (December)
Industrial Production (December)
Fed Beige Book
|MLK, Jr. Holiday (markets closed)|
|FOMC Policy Decision (no Bernanke press briefing)|
US government bonds and treasury bills are guaranteed by the US government and, if held to maturity, offer a fixed rate of return and guaranteed principal value. US government bonds are issued and guaranteed as to the timely payment of principal and interest by the federal government. Treasury bills are certificates reflecting short-term (less than one year) obligations of the US government.
Commodities trading is generally considered speculative because of the significant potential for investment loss. Markets for commodities are likely to be volatile and there may be sharp price fluctuations even during periods when prices overall are rising. Specific sector investing can be subject to different and greater risks than more diversified investments.
Tax Equiv Muni yields (TEY) assume a 35% tax rate on triple-A rated, tax-exempt insured revenue bonds.
The information contained herein has been obtained from sources considered reliable, but we do not guarantee that the foregoing material is accurate or complete. Data source: Bloomberg, as of close of business December 27th, 2012.
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