Sections
Title | Starting Page | Number of Pages |
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The Week Ahead | 1 | 1 |
The Long View | 1 | 1 |
Ratings Round-Up by Njundu Sanneh | 1 | 1 |
Many Upgrades in Europe, Downgrades in the US. | 1 | 1 |
Market Data | 1 | 1 |
Moody s Capital Markets Research recent publications | 1 | 1 |
Weekly Market Outlook Contributors: | 1 | 1 |
Credit Markets Review and Outlook | 2 | 3 |
EDF metric complements widespread expectations of fewer defaults | 2 | 1 |
Equities outsmart credit thus far in 2016 | 3 | 1 |
Interest rate risks mar the issuance outlook | 4 | 1 |
The Week Ahead US, Europe, Asia-Pacific | 5 | 6 |
THE US | 5 | 1 |
Friday, December 2 | 5 | 1 |
Employment Report November | 5 | 1 |
Time: 8:30 am | 5 | 1 |
Forecast: 180,000 nonfarm payrolls, 4.9% unemployment rate | 5 | 1 |
Exceptionally modest totals for new unemployment insurance claims point to continued labor market tightening. The 233,000 people who filed claims in the week ending November 12 is the fewest in 43 years. That trend indicates that employers are eager... | 5 | 1 |
Monday, December 5 | 5 | 1 |
ISM Non-Manufacturing Index November | 5 | 1 |
Time: 10:00 am | 5 | 1 |
Forecast: 55.1 | 5 | 1 |
The ISM Non-Manufacturing Index looks to edge higher in November as consumer spending on services continues to advance at a steady pace. Real spending on services rose at least 2.5% in each of the past two quarters, avoiding the letdown seen in the m... | 5 | 1 |
Tuesday, December 6 | 5 | 1 |
Trade Balance October | 5 | 1 |
Time: 8:30 am | 5 | 1 |
Forecast: -$40.0 billion | 5 | 1 |
Rising imports are expected to cause the US trade deficit to widen in October. Exports have been on a tear of late, adding 1.2% to real growth in the third quarter the largest contribution in 11 quarters. Yet that boost came before the latest run-up... | 5 | 1 |
Productivity &Unit Labor Costs Third Quarter Final | 5 | 1 |
Time: 8:30 am | 5 | 1 |
Forecast: 3.2% productivity, 0.3% unit labor costs | 5 | 1 |
The revision of third quarter productivity figures will likely confirm the strongest result of the past eight quarters. Positive effects from growing inventories and relatively restrained hiring growth has boosted output efficiency. Yet with product... | 5 | 1 |
Factory Orders October | 5 | 1 |
Time: 10:00 am | 5 | 1 |
Forecast: 2.4% | 5 | 1 |
A bulge in transportation sector orders is forecast to lead overall factory orders higher for the fourth consecutive month in October. Near-term business investment trends are looking solid after core capital goods orders rose 4.4% annualized in the ... | 5 | 1 |
Friday, December 9 | 6 | 1 |
University of Michigan Consumer Sentiment December Preliminary | 6 | 1 |
Time: 10:00 am | 6 | 1 |
Forecast: 94.0 | 6 | 1 |
Consumer sentiment may rise to the highest level in seven-months in December, perhaps reflecting some of the same post-election optimism seen in the stock market. Prior to recent OPEC moves to tighten supply, consumers benefitted from gasoline prices... | 6 | 1 |
EUROPE | 6 | 1 |
Thursday, December 1 | 6 | 1 |
Italy: GDP (Q3; 7:00 a.m. GMT) | 6 | 1 |
Euro Zone: Unemployment (October; 10:00 a.m. GMT) | 6 | 1 |
Friday, December 2 | 6 | 1 |
Asia-Pacific | 7 | 1 |
Thursday, December 1 | 7 | 1 |
South Korea Consumer Price Index November | 7 | 1 |
South Korea Foreign Trade November | 7 | 1 |
Friday, December 2 | 7 | 1 |
South Korea GDP 2016Q3 | 7 | 1 |
Australia Retail Sales October | 8 | 1 |
Monday, December 5 | 8 | 1 |
Japan Consumer Confidence November | 8 | 1 |
Tuesday, December 5 | 8 | 1 |
Australia Balance of Payments 2016Q3 | 8 | 1 |
Taiwan Consumer Price Index November | 8 | 1 |
Australia Monetary Policy December | 8 | 1 |
Wednesday, December 7 | 8 | 1 |
Australia GDP 2016Q3 | 8 | 1 |
Malaysia Foreign Trade October | 9 | 1 |
Taiwan Foreign Trade November | 9 | 1 |
India Monetary Policy December | 9 | 1 |
Thursday, December 8 | 9 | 1 |
China Foreign Trade November | 9 | 1 |
Japan GDP 2016Q3 | 9 | 1 |
Australia Foreign Trade October | 9 | 1 |
Friday, December 9 | 9 | 1 |
Philippines Industrial Production October | 10 | 1 |
Australia Housing Finance October | 10 | 1 |
China Consumer Price Index November | 10 | 1 |
China Producer Price Index November | 10 | 1 |
Malaysia Industrial Production October | 10 | 1 |
The Long View | 11 | 4 |
Credit spreads | 11 | 1 |
The recent high-yield bond spread of 480 bp is somewhat less than what is predicted by the spread s macroeconomic drivers and the high-yield EDF metric, but it is wider than what might be inferred from a now below-trend VIX index. The implications for... | 11 | 1 |
Defaults | 11 | 1 |
US CORPORATE BOND ISSUANCE | 11 | 1 |
Through the first 48 weeks of 2016, US$-denominated corporate bond issuance showed year-over-year percent changes of a 5.3% increase for investment-grade and an -8.4% drop for high-yield. US economic outlook | 12 | 1 |
EUROPE | 12 | 1 |
Asia Pacific | 13 | 2 |
Ratings Round-Up | 15 | 1 |
Ratings Round-Up | 15 | 1 |
Ratings Round-Up | 16 | 1 |
Market Data | 17 | 4 |
Moody s Capital Markets Research recent publications | 21 | 3 |