What to Expect in the Markets This Week

What to Expect in the Markets This Week

Key Takeaways

1. The November employment report is due Friday, following earlier data on job openings and private-sector employment. Investors will also monitor manufacturing and services PMI data.

2. Fed officials, including John Williams (New York Fed) and Alberto Musalem (St. Louis Fed), are set to speak before the pre-Fed meeting blackout period.

3. Key earnings reports include Salesforce, Marvell Technology, Royal Bank of Canada, and TD Bank.

Labor Market Focus

This week, investors will focus on key employment data for November, which the Federal Reserve will scrutinize to assess labor market strength amid signs of cooling. Reports on job openings and private-sector employment earlier in the week will set the tone for market sentiment leading up to Friday’s employment report.

Federal Reserve Updates

New York Fed President John Williams and St. Louis Fed President Alberto Musalem will deliver remarks before the Fed enters its blackout period ahead of the December 17–18 meeting. Additionally, the ISM manufacturing and services PMIs will provide insights into economic conditions across key sectors.

Corporate Earnings Highlights

Major earnings reports this week include:

Salesforce (CRM)

Marvell Technology (MRVL)

Royal Bank of Canada (RBC)

TD Bank (TD)

Bank of Montreal (BMO)

Key Events This Week

Monday, Dec. 2

S&P Final U.S. Manufacturing PMI (November)

ISM Manufacturing PMI (November)

Construction Spending (October)

John Williams delivers remarks

Zscaler (ZS) reports earnings

Tuesday, Dec. 3

Job Openings (October)

Earnings: Salesforce, Marvell Technology, Scotiabank (BNS), Pure Storage (PSTG), Okta (OKTA), and Box (BOX)

Wednesday, Dec. 4

ADP Employment Report (November)

S&P Final U.S. Services PMI (November)

ISM Services PMI (November)

Factory Orders (October)

Federal Reserve Beige Book

Alberto Musalem delivers remarks

Earnings: Royal Bank of Canada (RBC), Synopsys (SNPS), Hormel Foods (HRL), Chewy (CHWY), Dollar Tree (DLTR)

Thursday, Dec. 5

Initial Jobless Claims (Week Ending Nov. 30)

U.S. Trade Deficit (October)

Earnings: TD Bank, Bank of Montreal (BMO), Kroger (KR), Lululemon (LULU), Hewlett Packard Enterprise (HPE)

Friday, Dec. 6

U.S. Employment Report (November)

Consumer Sentiment (Preliminary, December)

Consumer Credit (October)

BRP (DOOO) reports earnings