by Bill McBride on 5/03/2015 08:53:00 PM
Sunday, May 03, 2015
Looking for wages ... from Greg Ip at the WSJ: In Labor vs. Capital, Workers Gain a Slight Edge
Hopefully there will be some small sign of a pickup in wages in the April employment report (to be released Friday).
• Early, the Black Knight March Mortgage Monitor report. This is a monthly report of mortgage delinquencies and other mortgage data.
• At 10:00 AM ET, Manufacturers' Shipments, Inventories and Orders (Factory Orders) for March. The consensus is a 2.1% increase in orders.
• At 2:00 PM: the April 2015 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve.
• Schedule for Week of May 3, 2015
From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures and DOW futures are down slightly (fair value).
Oil prices were up over the last week with WTI futures at $59.09 per barrel and Brent at $66.48 per barrel. A year ago, WTI was at $100, and Brent was at $109 - so, even with the recent increases, prices are down 40%+ year-over-year.
Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are up to $2.63 per gallon (down just over $1.00 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|