Wednesday, December 14, 2011

Claims, Prices, Production and Philadelphia

I'll be keeping an eye out on Thursday for four early reports: Weekly jobless claims and the producer price index at 8:30 a.m. Eastern, industrial production at 9:15 a.m., and the Philadelphia Fed survey at 10 a.m.

All have a history of motivating trading (although with the steep decline in the price of the euro, they may well be overwhelmed by events abroad).

The Philadelphia Fed report surveys business conditions in the mid-Atlantic region, which is considered to be a fairly good surrogate for the nation as a whole.

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