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Sunday, July 15, 2012

Monday: Retail Sales, Empire State Manufacturing Survey

by Calculated Risk on 7/15/2012 10:12:00 PM

This will be a busy week for economic data.

• At 8:30 AM ET, Retail Sales for June will be released. The consensus is for retail sales to increase 0.2% in June, and for retail sales ex-autos to increase 0.l%.

• Also at 8:30 AM, the NY Fed Empire Manufacturing Survey for July will be released. The consensus is for a reading of 4.5, up from 2.3 in June (above zero is expansion). This is the first regional survey for July.

• At 10:00 AM, the Manufacturing and Trade: Inventories and Sales for May report will be released (Business inventories). The consensus is for 0.3% increase in inventories.

The Asian markets are mixed tonight, with little change.

From CNBC: Pre-Market Data and Bloomberg futures: the S&P future are down about 3, and the DOW futures down about 25.

Oil: WTI futures are down to $86.69 (this is down from $109.77 in February, but up last week) and Brent is at $102.35 per barrel.

Summary for Week Ending July 13th
Schedule for Week of July 15th

Four more questions this week for the July contest: