Sunday, July 30, 2017

Sunday Night Futures

by Bill McBride on 7/30/2017 08:04:00 PM

Weekend:
Schedule for Week of July 30, 2017

Monday:
• At 9:45 AM ET, Chicago Purchasing Managers Index for July. The consensus is for a reading of 62.0, down from 65.7 in June.

• At 10:00 AM, Pending Home Sales Index for May. The consensus is for a 0.9% increase in the index.

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

From CNBC: Pre-Market Data and Bloomberg futures: S&P futures are down 1, and DOW futures are down 11 (fair value).

Oil prices were up over the last week with WTI futures at $49.95 per barrel and Brent at $52.76 per barrel.  A year ago, WTI was at $42, and Brent was at $41 - so oil prices are up about 20% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.31 per gallon - a year ago prices were at $2.14 per gallon - so gasoline prices are up 17 cents per gallon year-over-year.