Clarksville, TN – Next week, the economic calendar has plenty of fresh figures. The ISM surveys and Friday’s employment report would normally be the highlights (and those reports will be important), but financial market participants will be more interested in what happens Thursday.
The European Central Bank’s Governing Council is expected to expand its asset purchase program, while Fed Chair Janet Yellen with testify before the Joint Economic Committee of Congress. Yellen is likely to provide a clearer signal that the Fed will begin raising short-term interest rates at the December policy meeting.
Indices
| Last | Last Week | YTD return % | |
| DJIA | 17813.39 | 17732.75 | -0.05% |
| NASDAQ | 5116.14 | 5073.64 | 8.03% |
| S&P 500 | 2088.87 | 2081.24 | 1.46% |
| MSCI EAFE | 1740.07 | 1757.36 | -1.96% |
| Russell 2000 | 1198.02 | 1166.73 | -0.55% |
Consumer Money Rates
| Last | 1 year ago | |
| Prime Rate | 3.25 | 3.25 |
| Fed Funds | 0.13 | 0.10 |
| 30-year mortgage | 4.01 | 3.97 |
Currencies
| Last | 1 year ago | |
| Dollars per British Pound | 1.511 | 1.578 |
| Dollars per Euro | 1.061 | 1.251 |
| Japanese Yen per Dollar | 122.580 | 117.670 |
| Canadian Dollars per Dollar | 1.329 | 1.124 |
| Mexican Peso per Dollar | 16.549 | 13.706 |
Commodities
| Last | 1 year ago | |
| Crude Oil | 43.04 | 73.69 |
| Gold | 1072.16 | 1198.40 |
Bond Rates
| Last | 1 month ago | |
| 2-year treasury | 0.93 | 0.73 |
| 10-year treasury | 2.23 | 2.15 |
| 10-year municipal (TEY) | 3.22 | 3.19 |
Treasury Yield Curve – 11/25/2015
As of close of business 11/25/2015
Economic Calendar
| Nov 30 | — | Chicago Purchasing Managers Index (November) Pending Home Sales Index (October) |
| Dec 1 | — | ISM Manufacturing Index (November) Motor Vehicle Sales (November) |
| Dec 2 | — | ADP Payroll Estimate (November) Bank of Canada Policy Decision Fed Beige Book |
| Dec 3 | — | ECB Policy Decision Jobless Claims (week ending November 28) Bank of Canada Policy Decision Yellen Joint Economic Committee Testimony Factory Orders (October) ISM Non-Manufacturing Index (November) |
| Dec 4 | — | Employment Report (November) |
| Dec 11 | — | Producer Price Index (November) |
| Dec 16 | — | FOMC Policy Decision, Yellen Press Conference |
| Jan 27 | — | FOMC Policy Decision (no press conference) |
| March 16 | — | FOMC Policy Decision, Yellen Press Conference |
Important Disclosures
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.
Material prepared by Raymond James for use by its financial advisors.
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 November 26th, 2015.
