Sunday, April 30, 2017

Monday: Personal Income and Outlays, ISM Mfg Survey, Construction Spending

by Bill McBride on 4/30/2017 08:50:00 PM

Weekend:
Schedule for Week of Apr 30, 2017

Monday:
• At 8:30 AM ET, Personal Income and Outlays for March. The consensus is for a 0.3% increase in personal income, and for a 0.1% increase in personal spending. And for the Core PCE price index to be unchanged.

• At 10:00 AM, ISM Manufacturing Index for April. The consensus is for the ISM to be at 56.5, down from 57.2 in March. The ISM manufacturing index indicated expansion at 57.2% in March. The employment index was at 58.9%, and the new orders index was at 64.5%.

• Also at 10:00 AM, Construction Spending for March. The consensus is for a 0.5% increase in construction spending.

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

Oil prices were down over the last week with WTI futures at $49.22 per barrel and Brent at $51.91 per barrel.  A year ago, WTI was at $46, and Brent was at $46 - so oil prices are up about 10% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.38 per gallon - a year ago prices were at $2.23 per gallon - so gasoline prices are up about 15 cents a gallon year-over-year.