What to expect in the markets this week

Coming up: November employment report, manufacturing and services PMIs, Fed officials speaking, Salesforce, Marvell Technology earnings

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November employment data is due on Friday after job openings and private-sector employment reports from earlier in the week, and investors will also focus on manufacturing and service sector data.
Remarks by New York Federal Reserve President John Williams and St. Louis Fed President Alberto Muslim will be among the last headlines in the pre-Fed meeting blackout period.
Corporate earnings this week include Salesforce, Marvell Technologies, Royal Bank of Canada, and TD Bank.

Investors are awaiting key November employment data due on Friday, according to Federal Reserve officials Hope to see To see if the labor market maintains its strength after showing signs of slowing. Earlier, reports on job openings and private sector employment will also influence market sentiment on the state of the labor market.

New York Fed President John Williams and St. Louis Fed President Alberto Muslim will deliver comments this week, the last before the Fed’s blackout period ahead of its Dec. 17-18 meeting. Looked closely Purchasing Managers Index (PMI) Survey from Institute of Supply Management (ISM) It will provide investors with an insight into the current state of the manufacturing and service sectors.

Earnings reports this week from software provider Salesforce (CRM) and chipmaker Marvell Technologies (MRVL), as well as the Royal Bank of Canada (RBC) (RY), TD Bank (TD), and Bank of Montreal (BMO).

Monday, December 2

S&P Final US Manufacturing PMI (November)
ISM Manufacturing PMI (November)
Construction Expenditure (October)
New York Fed President John Williams comments
Zscaler (Z.S) reports earnings

Tuesday, December 3

Jobs (October)
Salesforce, Marvell Technology, Scotiabank (BNS), net storage (PSTGokta (okta), and box (the box) report earnings

Wednesday, December 4

ADP Employment Report (November)
S&P Final US Services PMI (November)
ISM Services PMI (November)
Factory Order (October)
Federal Reserve Beige Book
St. Louis Fed President Alberto Muslim gave the comments
Royal Bank of Canada (RBC), Synopsis (SNPS), Hormel Foods (HRL), chewy (CHWY), and Dollar Tree (DLTR) report earnings

Thursday, December 5

Initial Jobless Claims (Week Ending November 30)
US Trade Deficit (October)
TD Bank, Bank of Montreal (BMO), Kroger (K.Rlululemon (LULU), and Hewlett Packard Enterprise (HPE) report earnings

Friday, December 6

US Employment Report (November)
Consumer Sentiment (Preliminary) (December)
Consumer Credit (October)
BRP (DOOO) reports earnings

The November jobs report due on Friday will give economists a better look at the economy as last month’s data showed a slower-than-expected increase in hiring—though the numbers were expected. Due to storm disruptions and labor strikes.

Still, economists had expected much more than the 12,000 jobs added in October, a shortfall that these constraints don’t fully explain. This shows why Friday’s jobs numbers will be in focus. Federal Reserve Officials may come under pressure to cut interest rates faster if November’s data shows continued sluggishness.

In the run-up to Friday’s jobs report, economists will get data on job openings, private-sector employment, and initial jobless claims, which could offer more details about the health of the US labor market.

Market watchers will also be tuned in to comments this week from New York Fed President John Williams and St. Louis Fed President Alberto Muslim, which could provide insight into how Fed officials view current economic conditions. Those comments marked the last opportunity for Fed officials to speak before Saturday, the start of a blackout period on which comments are restricted. Monetary policy ahead of the December 17-18 meeting of the Federal Reserve.

In addition, industry survey data from ISM and S&P Global are at a time when the manufacturing PMI showed that Sector to struggleWhile services reflect the PMI Economic growth continued in that sector. Factory orders, manufacturing spending, and consumer credit data are also on tap this week.

Salesforce’s earnings report on Tuesday comes in line with analysts Expressed strong emotions on the Customer Relationship Management (CRM) Above this service provider Artificial Intelligence (AI) The offering follows a move by the Salesforce earnings software giant to expand its reach into data security. Purchase of the startup firm itself.

Marvell Technologies, which makes networking chips used in data centers, will also look to Show continuous growth From AI Demand with its Tuesday report. Other tech firms reporting this week include Synopsis, maker of microchip design software, which has Capitalize on AI demand. Cloud security provider Zscaler will also report earnings on Monday.

TD Bank’s earnings report follows A recent guilty plea in a US case In which it agreed to pay more than $3 billion in fines to settle allegations that it failed to prevent money laundering by drug cartels.

Royal Bank of Canada (RBC) will provide its quarterly financial information as it looks to continue its growth in profits Personal Banking and Wealth Management Department. Other Canadian financial institutions reporting this week include Bank of Montreal and Scotiabank.