Here are 3 things that could rock the markets tomorrow.
1. Job Cuts and Claims Due
Employment data will continue to draw attention tomorrow as Friday’s December payrolls report approaches.
At 7:30 AM ET (12:30 GMT) outplacement firm Challenger reports its December job cuts figures. Layoffs came in at about 44,600 in November.
At 8:30 AM ET the Labor Department will report weekly initial jobless claims.
Claims for first time unemployment are seen edging down to 220,000 for last week, according to economists’ forecasts compiled by .
2. Fed Talking Heads Coming Up
There are a bevy of Fed speakers on tomorrow’s docket.
Federal Reserve Board Vice Chairman Richard Clarida will speak at 8:00 AM ET (13:00 GMT) on international economics at the Council of Foreign Relations in New York.
At 9:30 AM ET, Minneapolis Fed President Neel Kashkari will give opening remarks at the 2020 Regional Economic Conditions Conference.
New York Fed President John Williams will be on a Bank of England panel on inflation targeting, which starts at 11:30 AM ET.
And at 1:20 PM ET, Chicago Fed President Charles Evans will be on an economic forecast panel hosted by the Milwaukee Business Journal.
The market is still convinced that this month’s FOMC meeting is a foregone conclusion, pricing in a 90% chance of no change in interest rates, according to ’s Fed Rate Monitor tool.
3. KB Home Set to Report
The earnings calendar is a bit thin, but there will be more numbers from the homebuilding sector.
KB Home (NYSE:KBH) will report its quarterly numbers tomorrow after the bell.
Analysts are predicting a profit of $1.29 per share with sales of about $1.6 billion
Lennar (NYSE:LEN) reported impressive headline results today, with a jump in new orders.
