U.S. Retail Sales Preview U.S. Retail Sales Preview: retail sales should show the headline up 0.5% (median 0.6%) with the ex-autos figure up 0.2% for the month. The report faces upside risk from the rebound in vehicle sales to 16.3 M for the month from 15.1 M in October as well as firm chain store sales data as discussed in Monday's commentary. Falling gasoline prices could pose downside risk to the headline via their impact on gas station sales.
Fed funds opened at 0.08% Fed funds opened at 0.08% after a 0.05% close last night. The rate ranged from 0.02% to 0.375% yesterday as the two-week maintenance period ended, with a 0.08% effective. Interbank borrowing costs were mixed at today's Libor fixing. The overnight dollar Libor rate dipped to 0.10130% from 0.10150% yesterday. The 1-week rate fell to 0.12615% versus 0.12895%. The 3-month rate slid to 0.24285% from 0.24385%. But the 12-month rate inched up to 0.57630% versus 0.57430%.
CFA Society of Boston to hold a meeting on behavioral investing Behavioral Economist, Dr. Richard Peterson, designs sentiment-analysis models for financial markets, and he instructs financial professionals in the use of psychological insights to improve their investment decisions in a meeting being held in Boston on December 12 at 12:15 pm.
FDA Orthopedic & Rehabilitation Devices Panel to hold a meeting The Panel discusses and makes recommendations regarding the classification of spinal sphere devices intended to be inserted between the vertebral bodies into the disc space from L3-S1 to help provide stabilization and to help promote intervertebral body fusion in a meeting being held in Gaithersburg, Maryland on December 12 at 8 am. Webcast Link
JPMorgan to host a conference Infrastructure Conference is being held in London, England on December 12.