by Bill McBride on 3/29/2015 08:08:00 PM
Sunday, March 29, 2015
From the NY Times: A Deadline for Greece, and U.S. Jobs Data
Greece hopes to gain approval on Monday for a detailed list of economic changes that its international creditors have demanded ...Monday:
... recent economic data has been anemic, and it is likely that hiring has not kept up with the blistering pace of gains reached in late 2014. In fact, some economists say hiring could fall below the 200,000 level because of a combination of bad weather and weakness in certain sectors like drilling and energy production.
• 8:30 AM ET, Personal Income and Outlays for February. The consensus is for a 0.3% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.1%.
• At 10:00 AM, the Pending Home Sales Index for February. The consensus is for a 0.3% increase in the index.
• At 10:30 AM, Dallas Fed Manufacturing Survey for March.
• Schedule for Week of March 29, 2015
• Lawler: Possible Upside Surprise for Pending Home Sales Index
• Merrill and Nomura Forecasts for March Employment Report
From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures are down slightly and DOW futures are flat (fair value).
Oil prices were up slightly over the last week with WTI futures at $48.34 per barrel and Brent at $55.97 per barrel. A year ago, WTI was at $101, and Brent was at $106 - so prices are down 50% or so year-over-year.
Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are up to $2.42 per gallon (down more than $1.10 per gallon from a year ago). Prices in California are now declining following a refinery fire in February and a strike that is now over.
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|
Posted by Bill McBride on 3/29/2015 08:08:00 PM