Dubai shocked the world on Thanksgiving with its default news. Traders should be watching for more news and market reaction. Will market participants be protective and lock in gains? Or is this just another buying opportunity?

Other market moving news next week will be Friday’s nonfarm payrolls number, the ISM Services Index released Thursday and Pending Homes Sales on Tuesday.

Don't forget, Minyanville's Annual Holiday Festivus is on Friday night!  If you haven't registered, there's still time to do so.  Click Here.  We hope to see you.

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Monday, November 30

Economics

09:45 Chicago PMI 53.0 cons.

Earnings

Before: NRGY

After: GES, OVTI

Auctions

11:30 3-Month Bill Auction

11:30 6-Month Bill Auction

Events

ANR at Macquarie Global Metals & Mining Conference

APD, MOS at Citi Global Chemical Conference

Tuesday, December 1

Economics

10:00 Construction Spending -0.4 cons.

10:00 ISM Index 54.8 cons.

10:00 Pending Home Sales -0.3 cons.

Earnings

Before: BECN, LDR, SPLS, UTI

After: GAME, SNDA

Auctions

11:30 4-Week Bill Auction

Speeches

12:20 Charles Plosser

Events

AGO Analyst Meeting

BMO Capital Markets 2009 Utility Day

Wednesday, December 2

Economics

07:30 Challenger Job Cuts

08:15 ADP Employment Report -155k cons.

10:30 Crude Inventories

02:00 Fed Beige Book

Earnings

Before: CHRS, PTRY, SYNO

After: ARO, PSS, JAS, SEAC, SNPS

Thursday, December 3

Economics

08:30 Initial Claims 483k. cons.

08:30 Continuing Claims

08:30 Productivity 8.5% cons.

08:30 Employment Cost Index

10:00 ISM Services 51.4 cons.

Earnings

Before: APWR, STS, DLM, MOV, TOL

After: ARST, AVGO, DMND, LQDT, MRVL, MENT, NOVL

Friday, December 4

Economics

08:30 Nonfarm Payrolls -120k cons.

08:30 Unemployment Rate 10.2% cons.

08:30 Average Workweek 33.1 cons.

08:30 Hourly Earnings 0.2% cons.

10:00 Factory Orders 0.2% cons.

Earnings

Before : BIG, SIRO

After:

Speeches

10:00 Charles Plosser

01:15 James Bullard

Events

Minyanville’s Annual Holiday Festivus

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