Sunday, April 26, 2015

Sunday Night Futures

by Bill McBride on 4/26/2015 08:45:00 PM

From the Financial Times: Eurozone officials seek to bypass Varoufakis to spur Greek talks

A fraught eurozone meeting in Riga at the weekend has left Yanis Varoufakis, the Greek finance minister, increasingly isolated both in Brussels and in Athens as officials seek to bypass him in an effort to jump-start bailout talks.
Excerpt with permission
Time is getting short.

Monday:
• 10:30 AM ET: Dallas Fed Manufacturing Survey for April.

Weekend:
Schedule for Week of April 26, 2015

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

Oil prices were up over the last week with WTI futures at $57.36 per barrel and Brent at $65.28 per barrel.  A year ago, WTI was at $102, and Brent was at $109 - so, even with the recent increases, prices are down over 40% year-over-year.

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are up to $2.54 per gallon (down about $1.15 per gallon from a year ago).

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