After last week’s double-dose of good economic news, this week is likely to be a relatively quiet one for financial data. There are updates on industrial production and the country’s trade deficit.
Bond markets are closed for Veterans Day.
At 7:30 a.m., the National Federation of Independent Business releases its small business optimism index for October. The index is expected to stay at roughly the same level as September, close to 94. Small-business owners’ optimism slipped in September in the lead-up to the government shutdown.
Three Federal Reserve officials are scheduled to give speeches today: Dallas Fed President Richard Fisher in Melbourne, Australia, Minneapolis Fed President Narayana Kocherlakota in St. Paul, Minn., and Atlanta Fed President Dennis Lockhart in Montgomery, Ala.
At 7 p.m., Fed Chairman Ben S. Bernanke is scheduled to hold a town hall meeting with educators in Washington.
Analysts expect the number of weekly jobless claims to drop to 330,000, from 336,000 last week.
The nation’s trade deficit for September is projected to widen slightly to $39 billion, from $38.8 billion the previous month.
Import prices for October are expected to fall by 0.4 percent. They increased by 0.2 percent in September, driven by rising gas prices.
Analysts predict that industrial production increased slightly in October. Production was up by more than half a percent in September.
Finally, September’s wholesale trade and inventories are expected to rise by 0.3 percent and 0.4 percent, respectively. They both increased by about half a percent in August.