Sunday, June 25, 2017

Sunday Night Futures

by Bill McBride on 6/25/2017 07:56:00 PM

Weekend:
Schedule for Week of June 25, 2017

Monday:
• At 8:30 AM ET, Durable Goods Orders for May from the Census Bureau. The consensus is for a 0.4% decrease in durable goods orders.

• Also at 8:30 AM, Chicago Fed National Activity Index for May. This is a composite index of other data.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for June.

From CNBC: Pre-Market Data and Bloomberg futures: S&P futures are down 3 and DOW futures are down 10 (fair value).

Oil prices were down over the last week with WTI futures at $43.21 per barrel and Brent at $45.54 per barrel.  A year ago, WTI was at $47, and Brent was at $47 - so oil prices are down about 5% to 10% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.25 per gallon - a year ago prices were at $2.32 per gallon - so gasoline prices are down 7 cents year-over-year.