MIDDAY BRIEFING - Unternehmen und Märkte finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
FII inflows, US stimulus talks among top factors that may guide D-Street this week
SECTIONS
Last Updated: Dec 20, 2020, 10:38 AM IST
Share
Synopsis
Going by the buzz on Dalal Street, here are key factors which are likely to chart the market direction this truncated week.
The market breadth has also improved as all Nifty components are trading above their long term 200-day moving average, signifying durability of the current up move.
NEW DELHI: Bulls dominated bears in the week gone by with the benchmark equity indices scaling their fresh record closing highs on every trading session of the week as sentiment stood buoyant following firm global cues amid unabated inflows by foreign institutional investors. Also, the country’s index of industrial production (IIP) which grew 3.6 per cent in the month of October with recovery in manufacturing, consumer goods and power sectors further fuelled investor sentiment.
- Tuesday, Dec 22nd -
8:30 AM:
Gross Domestic Product, 3nd quarter 2020 (Third estimate). The consensus is that real GDP increased 33.1% annualized in Q3, unchanged from the second estimate of GDP.
10:00 AM:
Existing Home Sales for November from the National Association of Realtors (NAR). The consensus is for 6.70 million SAAR, down from 6.85 million.
The graph shows existing home sales from 1994 through the report last month.
Housing economist Tom Lawler expects the NAR to report sales of 6.50 million SAAR for November.
10:00 AM: - Wednesday, Dec 23rd -
mortgage purchase applications index.
8:30 AM: The
initial weekly unemployment claims report will be released. The consensus is for 900,000 initial claims, up from 885,000 last week.
9 & 10 News
Associated Press Michigan Daybook for Saturday, Dec. 19.
The daybook is for planning purposes only and is not intended for publication or broadcast. You should verify any event you plan to cover.
Please keep the AP in mind when news develops. The Detroit bureau is reachable at 313-259-0650. Send daybook items to michigan@applanner.com.
To see your Daybooks and events for Michigan and other States up to 12 months ahead, speak to your bureau or sales rep about access to AP Planner, or visit http://applanner.com. –
Weblinks: http://www.chicagofed.org, https://twitter.com/ChicagoFed
Contacts: Scott Brave, FRB Chicago, sbrave@frbchi.org, 1 312 322 5784