Sunday, October 20, 2013

Monday: Existing Home Sales

by Bill McBride on 10/20/2013 09:05:00 PM

• At 8:30 AM ET, the Chicago Fed National Activity Index for September was scheduled for release. This is a composite index of other data and will probably be delayed.

• At 10:00 AM, Existing Home Sales for September from the National Association of Realtors (NAR). The consensus is for sales of 5.30 million on seasonally adjusted annual rate (SAAR) basis. Sales in August were at a 5.48 million SAAR. Economist Tom Lawler is estimating the NAR will report sales of 5.26 million SAAR for September. As always, the key will be inventory.

Schedule for Week of October 20th

From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are down slightly and DOW futures are up slightly (fair value).

Oil prices are flat with WTI futures at $100.86 per barrel and Brent at $110.05 per barrel.

The Nikkei has opened up about 1% according to MarketWatch:

Japanese stocks rose in early Monday trading, with weaker-than-expected trade data pushing the yen lower, which in turn helped some export stocks. The Nikkei Stock Average added 1% to 14,704.36, with the broader Topix up 0.8%, also enjoying support from gains Friday in the U.S.