The Week Ahead: Employment, Income, Home Prices, Manufacturing
Posted To: MND NewsWire
90 minutes before the opening bell sounds to begin a holiday-shortened week, equity futures are sharply upwards. The Dow looks to open 52 points higher at 10,850 and futures on the S&P 500 are up 4.50 points to 1,168.00 Commodities are also on the rise with NYMEX crude oil contracts (May) up 67 cents to $80.00 per barrel and Gold up $5.70 to $1,111.10. Data this week should be supportive of continued recovery in the economy, with the week likely ending on a highly positive note for employment. But investors will have plenty to consider after Treasury auctions saw a drawback in demand last week. Key Events This Week: Monday: 8:30 ― Personal Income & Outlays should show modest consistent gains in income, decent growth in consumer spending, and tame inflation. According to economists,…(read more)