Monday, April 02, 2018

Monday: ISM Manufacturing, Construciton Spending

by Bill McBride on 4/02/2018 01:41:00 AM

Weekend:
Schedule for Week of Apr 1, 2018

Monday:
• At 10:00 AM ET ISM Manufacturing Index for March. The consensus is for the ISM to be at 60.0, down from 60.8 in February. The PMI was at 60.8% in February, the employment index was at 59.7%, and the new orders index was at 64.2%.

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

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down slightly, and DOW futures are up slightly (fair value).

Oil prices were down over the last week with WTI futures at $65.17 per barrel and Brent at $69.67 per barrel.  A year ago, WTI was at $48, and Brent was at $51 - so oil prices are up solidly year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.66 per gallon. A year ago prices were at $2.33 per gallon - so gasoline prices are up 33 cents per gallon year-over-year.