Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

U.S. markets to hold swing After Obama election victory  Join our daily free Newsletter

MENAFN - ecPulse - 11/11/2012

No. of Ratings : 0
Add to Mixx!


The worlds largest economy prepares to welcome the first new week after the President Barack Obama was reelected again to claim the White House for the next four years. The U.S. calendar is quite busy with first-tier economic fundamentals so markets will likely hold the swing for another hectic week.

Mr. Barack Obama, winning another term in the White House, promised "the best is yet to come" to America. Separately, analysts pointed out the likelihood for maintaining the Feds easy-money policy over the upcoming stage to stimulate economy.

With election now over, spotlights focus on the "fiscal cliff" that will be activated at the beginning of 2013 if the Congress remains at loggerheads on taxes law. This automatic legislation will raise taxes and reduce public spending, perhaps pushing the U.S. economy into contraction.

Fitch, the credit rating agency, had warned of slashing the countrys AAA credit rating if the Congress failed to pass a vote in the U.S. budget and the fiscal cliff being activate next year. Fitch already placed the U.S. rating on a "negative" watch.

Moving to economic deck, the start will be Monday with the Treasurys monthly budget statement, expected to show a budget deficit of 125.0 billion in October, compared with a surplus of 75.02 in September.

The U.S. Commerce Department will follow Tuesday with the Producer Price index, which is expected to rise 0.2 percent in October and 2.7 percent on an annual rate from a year ago.

The Less volatile PPI, which excludes food and fuel prices, is expected to rebound 0.20 percent from a flat estimate. From a year earlier, Core PPI probably rose to 2.5 percent from 2.3 percent.

Sales at U.S. retailers probably dropped 0.1 percent last month. Excluding autos, retail sales likely gained 0.30 percent, down from a 1.14 percent rise in September, while excluding autos and gas, sales probably rose 0.30 percent from 0.90 percent.

The Federal Reserve publishes the minutes of its October 23-24 meeting, where policymakers decided to stay on hold and keep interest rate target at a range of zero to 0.25 percent, Operation Twist continuing through the end of this year.

The central bank held no surprises at their last meeting since launching a third round of quantitative easing in mid-September, thus policymakers are expected to keep rates exceptionally for some time.

Nonetheless, one member of the FOMC had voted against the action, Jeffery M. Lacker, who disagreed with the description of the timeframe over which a highly accommodative stance of monetary policy will remain appropriate.

The Commerce Department will be back Wednesday with the consumer price indexes, which will be closely watched for to see up to which extent the Feds latest monetary easing has strongly influenced the U.S. cost of living so far.

CPI, which tracks the monthly change in prices of a basket of goods and services, probably rose a soft 0.10 percent in October, from 0.60 percent in September. From a year ago, annual inflation growth likely inched higher to 2.10 percent from 2.00 percent.

Manufacturing in New York Region probably continued to deteriorate at a faster pace in November, as businesses suffered horrible damages as a result of Hurricane Sandy that shut U.S. stock trading for two days.

The Federal Reserve Bank of New Yorks factory gauge probably slid to -7.2 in November, from -6.16 in October, as business conditions likely continued to deteriorate for a fourth consecutive month.

This could be the first four-month string of negative readings in the Empire State index since the summer of 2011m as manufacturing suffers a slowdown in global demand and uncertainty over so called "fiscal cliff".

Unemployment rate in the U.S. remains elevated although rates fell unexpectedly in September but jumped again In October 7.9 percent from 7.8 percent to. The U.S. Department of Labor will probably show on Thursday that jobless claims rose 370 thousand last week.

The Federal Reserve Bank of Philadelphias manufacturing gauge could also show that business outlook remains vague, slipping to notch reading of 2 in October from 5.7 a month ago.

The U.S. Department of the Treasury reports the TIC flows for September on Friday, where the report tracks the flows of financial instruments into and out of the U.S. these instruments include Treasury securities, agency securities, corporate bonds and corporate equities.

Finally, the Federal Reserves monthly index of industrial production probably rose 0.2 percent in October, following a 0.4 percent gain in September, with capacity utilization index expected to holds grounds at 78.3 percent, signaling expansion could lose more momentum into the fourth quarter.


  MENA News Headlines
Apr 23 2014Kowait: 5938 illegal residents said 'rectified' status ,Arab Times
(MENAFN - Arab Times) Kuwait city april 5 (kuna): up to 5 938 illegal residents have modified their status since formation of the central agency for remedying illegal residents' status in 2011 ...

Apr 23 2014Kowait- 'All must join hands to save youth from strife' ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (kuna): minister of information and minister of state for youth affairs sheikh salman al-sabah said tuesday the youth ministry has completed a study ...

Apr 23 2014Kowait- MoH boosts efforts to curb obesity rate ,Arab Times
(MENAFN - Arab Times)  kuwait city feb 3 (kuna): director of the health well-being division of the ministry of health dr abeer al- baho affirmed sunday that the ministry scaled up the efforts ...

Apr 23 2014UAE- Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014UAE- ADCB NIC in Dh950 million deal ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank or adcb this week inked a dh950 million term facility to provide national investment corporation or nic the developer of the breakwater area in ...

Apr 23 2014Galadari Automobiles unveils all-new 2015 Mazda3 in UAE ,Khaleej Times
(MENAFN - Khaleej Times) The all-new mazda3 was unveiled to the world at events held simultaneously in five cities where the consensus was loud and clear: ?mazda has done it again!? galadari ...

Apr 23 2014Kowait- Parliament refuses to lift MP immunity ,Arab Times
(MENAFN - Arab Times) Kuwait april 3 (kuna): the national assembly committee on legislative and legal affairs has turned down a request from the public prosecution on wednesday to lift the immunity ...

Apr 23 2014Kowait- 'Probe delay in Jaber Stadium construction' ,Arab Times
(MENAFN - Arab Times) Kuwait city april 7 (kuna): the cabinet has asked its fatwa and legislation department to take necessary legal procedures to send a report on negligence and remissness that ...

Apr 23 2014UAE- Cassation Court upholds' drug dealer's life term ,Khaleej Times
(MENAFN - Khaleej Times) The abu dhabi court of cassation on monday upheld the life sentence awarded to a gcc national for drug smuggling and trafficking. the court also upheld his one-year ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Breaking an egg ... for charity in Abu Dhabi ,Khaleej Times
(MENAFN - Khaleej Times) The campaign which runs till the end of april features a live exhibition to the public and a private auction of the life-sized eggs. shaikh nahyan bin mubarak al nahyan ...

Apr 23 2014Kowait- Rationalization of water use in focus ,Arab Times
(MENAFN - Arab Times) Kuwait city april 7 (kuna): under the patronage of minister of electricity and water abdulaziz al-ibrahim kuwait environment protection society (keps) organized monday a ...

Apr 23 2014Kuwait- Five individuals tested negative for Coronavirus ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Health Authority of Abu Dhabi (HAAD) announced here on Tuesday that five more of the individuals who were in isolation in hospital with MERS Coronavirus ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

Apr 23 2014Kowait- New hospital to be ready by 2014 end ,Arab Times
(MENAFN - Arab Times) Kuwait city jan 14 (kuna): director of the 'mega projects 3' group at kuwait oil company (koc) yaqoub dashti said on tuesday that the new ahmadi hospital would be ready to ...

Apr 23 2014UAE- Dewa and GE explore collaboration opportunities ,Khaleej Times
(MENAFN - Khaleej Times) Saeed mohammed al tayer managing director and chief executive officer of the dubai electricity and water authority (dewa) recently received a ge delegation to explore ...

Apr 23 2014Jordan complains to UNSC about Israeli "alarming" developments in Al-Aqsa compound ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Jordan on Tuesday complained to the Security Council about the unhindered incursions into the Haram Al-Sharif compound by Israeli settlers and extremists, under ...

Apr 23 2014UAE- Sale of Gate Towers penthouses launched ,Khaleej Times
(MENAFN - Khaleej Times) Aldar properties has launched the sale of 21 exclusive duplex penthouse apartments at gate towers the penthouse collection in shams abu dhabi on al reem island. one of ...

Apr 23 2014Kowait- Men women's brains wired differently ,Arab Times
(MENAFN - Arab Times) Washington dec 23 (afp): women aren't very good at reading maps and men are incapable of multi-tasking. at first glance they might seem like a couple of hoary old stereotypes ...

Apr 23 2014Emirates NBD opens branch at Wafi Mall ,Khaleej Times
(MENAFN - Khaleej Times) Emirates nbd on tuesday announced the opening of its new branch at wafi mall which is in line with the bank?s strategy to focus on customer centricity and convenient ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help