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Economic Calendar for this week 10/07-10/11

Treasury prices are higher to start the week after an uneventful weekend.

With little to no apparent progress made on the budget impasse, treasury prices are benefitting from fears that the shutdown will slow the already sluggish US recovery.

This week’s economic calendar gets off to a slow start but will pick up momentum as the week progresses.

Key activity includes tomorrow’s International Trade report, Wednesday’s FOMC Minutes, and Friday’s PPI and Retail Sales report.

There will also be a fair amount of Fed speak sprinkled throughout the week.

It seems that there was little progress made over the weekend by Congress to resolve the current government shutdown.

The impasse over the shutdown and the debt ceiling continues with Speaker Boehner stating on the Sunday morning talk shows that the House Republicans would not pass an increase to the debt limit without concessions by the Democrats.

The administration has also stated that no negotiations with Republicans will take place until the shutdown is ended and the debt ceiling is increased.

This deadlock continues; and, while the government is shut down, many of the scheduled economic releases will be delayed.

Today’s report on consumer credit will be unaffected; but, if the shutdown continues deeper into the week, the September PPI and Retail Sales figures could be delayed.

September’s jobs report, which was supposed to be released on Friday, has already been delayed; and it is unclear when the market will get that data once the shutdown comes to an end.

Economic Calendar for this week 10/07/13 – 10/10/11/13:

Date Time Event   Survey Prior
10/7/2013 15:00 Consumer Credit Aug $12.000B $10.437B
    Gov. Releases Delayed Due to Shutdown      
10/8/2013 7:30 NFIB Small Business Optimism Sep 94 94
10/8/2013 8:30 Trade Balance Aug -$39.5B -$39.1B
10/8/2013 10:00 IBD/TIPP Economic Optimism Oct 43 46
10/8/2013 10:00 JOLTs Job Openings Aug 3689
10/9/2013 7:00 MBA Mortgage Applications 4-Oct -0.40%
10/9/2013 10:00 Wholesale Inventories MoM Aug 0.30% 0.10%
10/9/2013 10:00 Wholesale Trade Sales MoM Aug 0.30% 0.10%
10/9/2013 14:00 Fed Releases Minutes from Sept 17-18 FOMC Meeting
10/10/2013 8:30 Initial Jobless Claims 5-Oct 310K 308K
10/10/2013 8:30 Continuing Claims 28-Sep 2875K 2925K
10/10/2013 8:30 Import Price Index MoM Sep 0.20% 0.00%
10/10/2013 8:30 Import Price Index YoY Sep -0.90% -0.40%
10/10/2013 8:45 Bloomberg Oct. United States Economic Survey
10/10/2013 9:45 Bloomberg Consumer Comfort 6-Oct -29.4
10/10/2013 16-Oct Monthly Budget Statement Sep $65.0B
10/11/2013 8:30 PPI MoM Sep 0.20% 0.30%
10/11/2013 8:30 PPI Ex Food and Energy MoM Sep 0.10% 0.00%
10/11/2013 8:30 PPI YoY Sep 0.60% 1.40%
10/11/2013 8:30 PPI Ex Food and Energy YoY Sep 1.20% 1.10%
10/11/2013 8:30 Retail Sales Advance MoM Sep 0.00% 0.20%
10/11/2013 8:30 Retail Sales Ex Auto MoM Sep 0.40% 0.10%
10/11/2013 8:30 Retail Sales Ex Auto and Gas Sep 0.30% 0.10%
10/11/2013 8:30 Retail Sales Control Group Sep 0.40% 0.20%
10/11/2013 9:55 Univ. of Michigan Confidence Oct P 76 77.5
10/11/2013 10:00 Business Inventories Aug 0.30% 0.40%



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