Sunday, February 03, 2013

Sunday Night Futures

by Bill McBride on 2/03/2013 10:04:00 PM

Monday:
• At 10:00 AM ET, Manufacturers' Shipments, Inventories and Orders (Factory Orders) for December. The consensus is for a 2.2% increase in orders.

• At 2:00 PM, The January 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve. This might show some slight loosening in lending standards.

Weekend:
Summary for Week Ending Feb 1st
Schedule for Week of Feb 3rd

The Asian markets are green tonight with the Nikkei up 0.5%, and the Shanghai Composite index is up 0.4%.

From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are up slightly and DOW futures are up 10.

Oil prices have moved up recently WTI futures at $97.58 per barrel and Brent at $116.62 per barrel. Gasoline prices are up 20 cents over the last couple of weeks.

Below is a graph from Gasbuddy.com showing the recent increase in 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

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