Recap 11-26-13




  • Consumer Confidence declined to 70.4 in Nov vs 72.6 exp and 71.2 prev
  • Bill de Blasio says rising stock market justifies his plan to raise taxes on those earning >$500K; "Records have been set just in the last few days, indicating that those who are doing well, those who are wealthy, are getting wealthier as we speak, which means that asking them to pay a little bit more…is not going to negatively impact them.”

Upcoming Data:

  • Wed: UK 3Q GDP, US Jobless Claims, Durable Goods Orders, Chicago PMI, U Michigan Confidence, Japan Retail Trade
  • Thu: US Holiday, EU Money Supply, Japan PMI, CPI, IP, UK GfK Consumer Confidence
  • Fri: Month End, Japan Housing Starts, UK Money Supply, EU Unemployment CPI,
  • Weekend: China Mfg PMI, AU Mfg PMI, Japan Capital Spending, Australia New home Sales, Building Approvals,
  • Mon: EU PMI, US ISM,