The Week Ahead: Jam-Packed Economics and Events Calendar
Posted To: MND NewsWire
Expectations for this week’s data is solidly optimistic as economists have recently been revising their forecasts for 2010 growth upwards. As Ellen Zentner from BTMU noted, “The most reliable broad indicators of the U.S. economy are expanding at a healthy clip, suggesting that first quarter growth will come in around 3.5% with all of 2010 coming in around 3.2%.” Although Monday begins the week on a slow note in terms of fresh data, the rest of the week is packed with housing data, retail sales, industrial production, and regional manufacturing indexes. In addition, countless officials from the Federal Reserve are on the speaking circuit from Tuesday to Friday. And even if the week were slow, investors would still be busy as stock prices trade at their highest levels since…(read more)
The Week Ahead: Treasury Auctions, Pending Home Sales, FOMC Minutes and Fed Speak
Posted To: MND NewsWire
The Dow closed last Thursday at an 18-month high, and with equity investors now able to react to Friday’s nonfarm payrolls report, the market should open sharply higher this morning. The economy added 162k jobs last month, the biggest one-month gain in exactly three years. READ MORE One hour before the opening bell, Dow futures are up 41 points to 10,901 and S&P 500 futures are up 4.50 points to 1,178.25. Also, NYMEX crude oil futures are 60 cents higher to $85.47 per barrel and Gold is up $2.00 to $1,128. The week ahead is relatively slow for data but there are plenty of events that might offer the markets new insight. Monday is an exception with the ISM Non-Manufacturing Index and the Pending Home Sales Index each hitting the headlines this morning. Key Events This Week: Monday…(read more)