Monday, the start of the week is set to witness the release of several key data.
At 9 am ET, the Treasury International Capital or TIC data for October is due. The net long-term TIC flows is expected to total $40 billion compared with $66.2 billion in September. The total net TIC flows, which stood at $143.4 billion in the previous month, are also in focus.
Fifteen minutes later, the Fed is scheduled to release the industrial production data for November. Economists are looking for a 0.8% fall in industrial production, after a 1.3% rise in October. The capacity utilization is forecast at 75.7%, down from 76.4% recorded in the previous month.
At 1 pm ET, the National Association of Home Builders' NAHB/Wells Fargo Housing Market Index is set for release. The headline reading is expected to remain at its record low of 9 in December, unchanged from the previous month. The housing market index is based on a survey wherein respondents from this organization are asked to rate the general economy and housing market conditions.
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