Economic Events on January 4, 2012

The figures for motor vehicle sales for December will be released today.  The consensus estimate is that 13.6 million autos were sold last month, which would be the same as the previous month.

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.

The Challenger Job-Cut Report will be released at 7:30 AM Eastern time, providing an estimate of the number of layoffs in December.

At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:55 AM Eastern time, the weekly Redbook report will be released, giving us more information about consumer spending.

At 11:00 AM Eastern time, the Factory Orders report for November will be released.  The consensus is that there was an increase of 2.0% in orders from the previous month.

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