Sunday, July 12, 2015

Sunday Night Futures: Uncertainty in Europe

by Bill McBride on 7/12/2015 08:29:00 PM

After some absurd demands from Germany, it appears there might be some movement towards a deal with Greece tonight. But maybe not ... crazy.

Monday:
• At 2:00 PM ET, the Monthly Treasury Budget Statement for June.

Weekend:
Schedule for Week of July 12, 2015

From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures are down 11 and DOW futures are down 87 (fair value).

Oil prices were down over the last week with WTI futures at $52.13 per barrel and Brent at $58.00 per barrel.  A year ago, WTI was at $102, and Brent was at $105 - so prices are down almost 50% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.77 per gallon (down about $0.85 per gallon from a year ago).