by Bill McBride on 12/16/2012 08:47:00 PM
Sunday, December 16, 2012
On Monday, at 8:30 AM ET, the NY Fed will release the Empire State Manufacturing Survey for December. The consensus is for a reading of 0, up from minus 5.2 in November (below zero is contraction).
• Summary for Week Ending Dec 14th
• Schedule for Week of Dec 16th
The Asian markets are mixed tonight, with the Nikkei up 1.5% following the election of the new government: Japan’s new government to get aggressive
From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are up 7 and DOW futures are up 60.
Oil prices still moving sideways with WTI futures at $86.88 per barrel and Brent at $108.23 per barrel. Gasoline prices are now near the low for the year.
Here is a graph from Gasbuddy.com showing the roller coaster ride for gasoline prices. If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.
|Orange County Historical Gas Price Charts Provided by GasBuddy.com|
Two more questions this week for the December economic prediction contest (Note: You can now use Facebook, Twitter, or OpenID to log in).