Morning Coffee: Economic & Earnings Calendar for December 6, 2011

Posted on December 6, 2011


Market’s in Asia opened lower after Standard & Poors placed 15 countries on credit downgrade watch pending the result of a summit of EU leaders being held on Friday, December 9th. This announcement throws almost all market fundamentals out of the window for the  rest of the week pending the result of the summit and Standard & Poors interpretation of those results. None of the economic data being released today will have a more than a fleeting impact on where the market closes. It’s all about European economic expectations and how those expectations impact exchange rates and hence, exports. 

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All times US Eastern Standard Time.

Today’s Global Economic Calendar
03:15 AM Swiss Flag Switzerland: Consumer Price Index (CPI)
04:00 AM European Union EMU: Gross Domestic Product (GDP)
03:55 AM German Flag Germany: Manufacturer Orders
07:45 AM US Flag US: ICSC Weekly Retail Sales
08:55 AM US Flag US: Redbook Retail Sales
09:00 AM Canadian Flag Canada: BOC Announcement
09:00 AM Canadian Flag Canada: Ivey PMI Index
07:30 PM Australian Flag Australia: Gross Domestic Product (GDP)

There are no notable earnings being reported today.

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Posted in: Morning Coffee