Investors are awaiting key employment data for November that's due Friday, which Federal Reserve officials are expected to watch to see if the labor market retains its strength 🐬after showing signs of slowing. Ahead of that, reports on job openings and private-sector employment will also affect market sentiment on the state of t🐷he labor market.

New York Fed President John Williams and St. Louis Fed President Alberto Musalem will deliver remarks this week, the last before the Fed’s blackout period ahead of its Dec. 17-18 meeting.  The closely watched  澳洲幸运5官方开奖结果体彩网:Purchasing Managers’ Index (PMI) surveys from the 澳洲幸运5官方开奖结果体𝄹彩网:Institute♛ of Supply Management (ISM) will give investors insight into the current state of the manufacturing 🐷and services sector.

Earnings reports this week will come from software provider Salesforce (CRM) and chipmaker Marvell Technology (MRVL), as well as Royal Bank of Canada (RBC) (RY), TD Bank (TD), and Bank of Montreal (BMO).

Monday, Dec. 2

• S&P final U.S. manufacturing PMI (November)
• ISM manufacturing PMI (November)
• Construction spending (October)
• New York Fed President John Williams delivers remarks
• Zscaler (ZS) reports earnings

Tuesday, Dec. 3

• Job openings (October)
• Salesforce, Marvell Technology, Scotiabank (BNS), Pure Storage (PSTG), Okta (OKTA), and Box (BOX) report earnings

Wednesday, Dec. 4

• ADP employment report (November)
• S&P final U.S. services PMI (November)
• ISM services PMI (November)
• Factory orders (October)
• Federal Reserve Beige Book
• St. Louis Fed President Alberto Musalem delivers remarks
• Royal Bank of Canada (RBC), Synopsys (SNPS), Hormel Foods (HRL), Chewy (CHWY), and Dollar Tree (DLTR) report earnings

Thursday, Dec. 5

• Initial jobless claims (Week ending Nov. 30)
• U.S. trade deficit (October)
• TD Bank, Bank of Montreal (BMO), Kroger (KR), Lululemon (LULU), and Hewlett Packard Enterprise (HPE) report earnings

Friday, Dec. 6

• U.S. employment report (November)
• Consumer sentiment (preliminary) (December)
• Consumer credit (October)
• BRP (DOOO) reports earnings

Employment R🅰eport To Show if Labor Market Hol💙ds Strength After Weak October Data

The November employment report due Friday will give economists a better look into the economy after the previous month's data showed a greater-than-expected slowing in hiring—although those numbers were likely 澳洲幸运5官方开奖结果体彩网:skewed by storm disruptions and a𝔍 labor strike. 

Still, economists expected a lot more than the 12,000 jobs added in October, a shortfall those disruptions don't sufficiently explain. That shows why Friday's jobs numbers will be in focus. 澳洲幸运5官方开奖结果体彩网:Federal Reserve officials could be under pressure 🥂to lower interest rates at a faster pace if the November data shows persistent slowing.

In the run-up to the jobs report Friday, economists will get data on job openings, private-sector employment, and initial jobless claims, which could offer more details on🅺 the health of the U.S. labor market. 

Market watchers also will be tuned in to remarks this week from New York Fed President John Williams and St. Louis Fed President Alberto Musalem, which may offer insights on how Fed officials are looking at current economic conditions. Those comments mark the last opportunity for Fed officials to speak before Saturday, the start of the blackout period prohibiting comments on 澳洲幸运5官方开奖结果体彩网:monetary policy before the Federal Reserve’s Dec. 17-18 meeting.

Additionally, industry survey data from ISM and S&P Global are due at a time when manufacturing PMI has shown that 澳洲幸运5官方开奖结果体彩网:sector to be struggling, while services PMI reflects 澳洲幸运5官方开奖结果体彩网:continued eco🧔noꦡmic growth in that sector. Factory order🍸s, 🌼construction spending, and consumer credit data are also on tap this week.

Salesforce, Marvell Technology, and Canadian Banks ဣLead This Week’s Earnings Reports

Salesforce’s earnings report on Tuesday comes as analysts have 澳洲幸运5官方开奖结果体彩网:expressed bullish sentiments on the 澳洲幸运5官方开奖结果体彩网:cဣustomer ༺relationship management (CRM) service provider over its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) offerings. Salesforce’s earnings follow a move by the software giant to expand its reach into data security by 澳洲幸运5官方开奖结果体彩网:purchasing startup firm Own. 

Marvell Technology, which manufactures networking chips used in data centers, will also look to 澳洲幸运5官方开奖结果体彩网:show continued growth from AI demand with its Tuesday report.  Other tech firms due to report this week include Synopsys, the maker of microchip design software that has 澳洲幸运5官方开奖结果体彩网:capitalized on AI demand. Cloud security provider Zscaler will also report eꦦarnings on Monday.ꩲ

The earnings report for TD Bank follows its 澳洲幸运5官方开奖结果体彩网:recent guilty plea in a U.S. case in which it agreed to pay more than $3 billion in penalties to resolve charges that it failed to curb money laundering by drug ca๊rtels. 

Royal Bank of Canada (RBC) will deliver its quarterly financials as it looks to continue profit growth in its 澳洲幸运5官方开奖结果体꧅彩网:personal banking an😼d wealth management divisions.  Other Canadian financial institutions slated to report this week include Bank of Montreal and Scotiabank.