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U.S. Day Ahead: Manufacturing to stay sluggish-analyst

Wednesday, November 16, 2011 - 02:05

Nov. 16 - Expect the Philly Fed Index to remain in the doldrums when it is released at 1000 EST, says BNP Paribas U.S. economist Bricklin Dwyer.

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Here is your US day ahead we'll second manufacturing is gaining steam when -- that index comes out at us and they add. It's just showed factory activity in the mid Atlantic region grew in November but it slower pace than in the previous month. This after us deep decline in August still BNP Paribas economist -- McGuire says this sector will be stuck in a -- for a while. What we're looking up for the manufacturing sectors just kind of sluggish growth from here. You know there's no real impetus labor costs are still quite high in the US. So we need the the dollar to depreciate in wages to go down to become more competitive manufacturing shows back up. Three more pieces of data on tap that could move markets. 30 AM disease -- -- and housing starts. Building permits and initial jobless claims I -- -- says initial jobless claims should remain under 400000. But that number could be volatile going forward as we enter the holiday season. US energy secretary seeding issue visas that really on the hill over tax Payer funded aids news Linda. He'll appear before a house panel at 10 AM his department gave -- 535. Million dollar loan guarantee. And now bankrupt solar panel maker. You recently -- the process was done diligently. Republicans say -- may have been some political influence in the decision making. To keep that -- take to the podium Cleveland fed president Sandra Gagnon also gives her economic outlook at 1230 in Lexington Kentucky. At twelve. It's the turn of New York fed president William Dudley. Discuss policy at the US military academy at West Point last month Dudley said he would support another round of quantitative easing. And expect 37 and to dominate corporate earnings. Before the bell investors we'll hear from this year's JM Smucker. After the close the gap report. A major hits or misses are expected according to start mine I'm Rhonda -- this is -- side.

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