Sunday, April 02, 2017

Sunday Night Futures

by Bill McBride on 4/02/2017 08:36:00 PM

Weekend:
Schedule for Week of Apr 2, 2017

Monday:
• At 10:00 AM ET, ISM Manufacturing Index for March. The consensus is for the ISM to be at 57.1, down from 57.7 in February. The ISM manufacturing index indicated expansion at 57.7% in February. The employment index was at 54.2%, and the new orders index was at 65.1%.

• Also at 10:00 AM, Construction Spending for February. The consensus is for a 1.0% increase in construction spending.

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

Oil prices were up over the last week with WTI futures at $50.58 per barrel and Brent at $53.45 per barrel.  A year ago, WTI was at $36, and Brent was at $36 - so oil prices are up about 40% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.32 per gallon - a year ago prices were at $2.06 per gallon - so gasoline prices are up about 26 cents a gallon year-over-year.