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Sunday, July 29, 2012

Monday: Dallas Fed Manufacturing Survey

by Calculated Risk on 7/29/2012 09:51:00 PM

This will be a busy week with the two day FOMC meeting ending on Wednesday, the ECB meeting in Europe on Thursday, and several key economic releases including the July employment report on Friday.

First from Reuters: Juncker: Euro zone leaders, ECB to act on euro - paper

[Eurogroup head Jean-Claude] Juncker told Germany's Sueddeutsche Zeitung and France's Le Figaro in reports made available on Sunday that leaders would decide in the next few days what measures to take to tackle Spanish bond yields which last week touched euro-era highs. They had "no time to lose," he said.
• On Monday, at 10:30 AM ET, the Dallas Fed Manufacturing Survey for July will be released. This is the last of regional surveys for July. The consensus is for 2.5 for the general business activity index, down from 5.8 in June.

The Asian markets are green tonight, with the Nikkei up 0.8% and the Shanghai Composite up 0.1%. Check out the chart for the Shanghai composite - the index has been drifting down for 2+ years and is at the levels of early 2009.

From CNBC: Pre-Market Data and Bloomberg futures: the S&P future are down about 5, and the DOW futures down about 30.

Oil: WTI futures are at $90.04(this is down from $109.77 in February, but up last week) and Brent is at $106.51 per barrel.

Summary for Week Ending July 27th
Schedule for Week of July 29th

And the final question for the July economic contest: