Sunday, June 04, 2017

Sunday Night Futures

by Bill McBride on 6/04/2017 07:04:00 PM

Weekend:
Schedule for Week of June 4, 2017

Monday:
• At 10:00 AM ET, the ISM non-Manufacturing Index for May. The consensus is for index to decrease to 57.0 from 57.5 in April.

• Also at 10:00 AM, The Fed will release the monthly Labor Market Conditions Index (LMCI).

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

Oil prices were down over the last week with WTI futures at $47.75 per barrel and Brent at $49.95 per barrel.  A year ago, WTI was at $49, and Brent was at $49 - so oil prices are mostly unchanged year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.37 per gallon - a year ago prices were at $2.37 per gallon - so gasoline prices are unchanged year-over-year.