As traders approach another pivotal day for financial markets, a series of crucial economic data releases and government auctions that could sway market dynamics are expected on Monday, November 4, 2024. The day's schedule includes important reports on factory orders and a closely watched 3-year Treasury note auction, which may provide insights into manufacturing activity and investor sentiment towards government debt.
Major Economic Events to Watch
Other Important Economic Events to Watch
• 10:00 AM ET - Factory Orders (Oct): Previous -0.2%. Measures change in total value of new purchase orders placed with manufacturers.
• 1:00 PM ET - 3-Year Note Auction: Previous yield 3.878%. Indicates investor demand for medium-term government debt.
Other Economic Events to Watch
• 10:00 AM ET - Factory Orders ex Transportation (Oct): Previous -0.1%. Excludes volatile transportation sector from factory orders data.
• 10:00 AM ET - Durables Excluding Transport (Oct): Previous 0.4%. Measures durable goods orders excluding transportation sector.
• 10:00 AM ET - Durables Excluding Defense (Oct): Forecast -1.1%, Previous -1.1%. Indicates durable goods orders excluding defense-related items.
• 10:00 AM ET - CB Employment Trends Index (Oct): Previous 108.48. Aggregates eight labor market indicators to forecast employment trends.
• 10:00 AM ET - Total Vehicle Sales (Oct): Forecast 15.60M, Previous 15.80M. Measures annualized number of new vehicles sold domestically.
• 10:30 AM ET - 3-Month Bill Auction: Previous yield 4.490%. Indicates short-term government borrowing costs.
• 10:30 AM ET - 6-Month Bill Auction: Previous yield 4.325%. Reflects medium-term government borrowing costs.
For further information and the latest updates, please refer to our Economic Calendar, here.
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