The economic focus this week is on the preliminary third quarter GDP report.
September Durable Goods Orders to be released at 8:30 AM EDT on Tuesday are expected to improve to 0.7% versus -2.4% in August.
October Consumer Confidence to be released at 9:00 AM EDT on Tuesday is expected to improve to 54.0 from 53.1 in September.
September New Home Sales to be released at 10:00 AM EDT on Wednesday is expected to increase to 440,000 from 429,000 in August.
Preliminary third quarter GDP to be released at 8:30 AM EDT on Thursday is expected to increase to 3.0% from -0.7% in the second quarter.
September Personal Income to be released at 8:30 AM EDT on Friday is expected to be unchanged versus a gain of 0.2% in August.
September Personal Spending to be released at 8:30 AM EDT on Friday is expected to decline 0.4% versus a gain of 1.3% in August.
October Chicago PMI to be released at 9:45 AM EDT on Friday is expected to increase to 48.5 from 46.1 in September.
October Michigan Sentiment to be released at 9:55 on Friday is expected to increase to 70.0 from 69.4.
Earnings News
Canadian companies are prominent on the list of companies reporting third quarter earnings this week.
Monday sees reports from Avon, Corning, Electronic Arts and Verizon.
Tuesday sees reports from Apollo, Canadian Pacific, Massey Energy, Methanex, Norfolk Southern, Open Text, Rogers Communications, TransAlta, U.S. Steel and Visa.
Wednesday sees reports from Agnico Eagle, Conoco Phillips, General Dynamics, Goodyear, Exxon Mobil, Imperial Oil, Kellogg, Lundin Mining, Newmont and Procter & Gamble.
Thursday sees reports from Aetna, Apache, Barrick Gold, Canfor, Colgate, Exxon Mobil, Imperial Oil, Kellogg, Lundin Mining, Newmont and Procter & Gamble.
Friday sees reports from Chevron, Domtar, Eldorado Gold, Tim Horton and Weyerhaueser.
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