Economic Events on December 29, 2011

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 372,000 new jobless claims last week, which would would be 8,000 more than the previous week.

At 9:45 AM Eastern time, the weekly Bloomberg Consumer Comfort Index will be released, providing an update on Americans’ views of the U.S. economy, their personal finances and the buying climate.

Also at 9:45 AM Eastern time, the Chicago PMI Index for December will be announced. The consensus index value is 60.7, which is 1.9 points lower than last month, but is still above the break-even level at 50.

At 10:00 AM Eastern time, the pending home sales index for November will be announced.  The consensus is that the index increased 1.4% last month.

At 10:30 AM Eastern time, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.

At 11:00 AM Eastern time, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

At 4:30 PM Eastern time, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.

Also at 4:30 PM Eastern time, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.

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