Sunday, May 12, 2013

Monday: Retail Sales

by Calculated Risk on 5/12/2013 10:20:00 PM

Monday economic releases:
• At 8:30 AM ET, Retail sales for April will be released. The consensus is for retail sales to decline 0.3% in April, and to decline 0.1% ex-autos. Note: Some of the decline will be due to lower gasoline prices.

• At 10:00 AM, Manufacturing and Trade: Inventories and Sales (business inventories) report for March. The consensus is for a 0.3% increase in inventories.

Weekend:
Mortgage Delinquencies by Loan Type in Q1
Schedule for Week of May 12th

The Asian markets opened mostly red tonight, however the Nikkei is up over 1.0%.

From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are down 4 and Dow futures are down 28 (fair value).

Oil prices are down slightly with WTI futures at $95.61 per barrel and Brent at $103.59 per barrel.