Sunday, March 08, 2015

Sunday Night Futures

by Bill McBride on 3/08/2015 07:54:00 PM

From Bloomberg: Greek Tensions Revived as Creditors Reject Reform List

The list of measures Greece’s government sent to euro region finance ministers last Friday, including the idea of hiring non-professional tax collectors such as tourists, is “far” from complete and the country probably won’t receive an aid disbursement this month, Eurogroup chairman Jeroen Dijsselbloem said on Sunday.
Ouch.

Monday:
• Early, Black Knight Mortgage Monitor for January

• At 10:00 AM ET, the Fed will release the monthly Labor Market Conditions Index (LMCI).

Weekend:
Schedule for Week of March 8, 2015

From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures are unchanged and DOW futures are up 12 (fair value).

Oil prices were mixed over the last week with WTI futures at $49.47 per barrel and Brent at $59.26 per barrel.  A year ago, WTI was at $102, and Brent was at $108 - so prices are down around 50% year-over-year.

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are up to $2.45 per gallon (down about $1.00 per gallon from a year ago).   Prices in California have risen significantly due to a refinery fire in February and a strike.

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