Heads up: Financial markets are closed tomorrow in honor of Martin Luther King Jr. Day. Three key monthly reports are due out this week; housing starts and the consumer-price index...
Financial markets are closed tomorrow in honor of Martin Luther King Jr. Day. Three key monthly reports are due out this week; housing starts and the consumer-price index Wednesday and the Conference Board’s index of leading economic indicators Thursday. It rose 0.2 percent in November, after falling 0.3 percent in October.
Financial markets, banks, government offices and most businesses are closed.
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The state releases unemployment figures for last month. The state gained about 3,200 jobs in November, but the unemployment rate rose slightly to 5.7 percent…. In Toulouse, France, Airbus unveils its A380 super-jumbo jet, which will supplant Boeing’s 747 as the world’s largest commercial airplane. It will make its first flight in March.
Many eyes will be on Washington Mutual’s fourth-quarter-earnings release after the market closes. The financial-services giant reported net-income declines in the second and third quarters and has put in place a turnaround plan…. Safeco reports its fourth-quarter earnings this morning. Analysts expect the property-and-casualty insurer to rebound from the third quarter, when it was hit by a $101.1 million net loss, largely because of four hurricanes in Florida and nearby states as well as an after-tax loss on the sale of its life insurance and investments business…. F5 Networks announces first-quarter earnings.
Weyerhaeuser releases its fourth-quarter earnings. The wood-products company has said the quarter should resemble its strong third quarter, minus a third-quarter gain from the sale of timberlands in Georgia.