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Sunday, February 23, 2014

Sunday Night Futures

by Calculated Risk on 2/23/2014 08:25:00 PM

Monday:
• At 8:30 AM ET, the Chicago Fed National Activity Index for January. This is a composite index of other data.

• At 10:30 AM, the Dallas Fed Manufacturing Survey for February. The general business activity index was at 3.8 in January.

Weekend:
Schedule for Week of Feb 23rd

Housing Weakness: Temporary or Enduring?

From MarketWatch: Asia Markets live blog: Stocks rolling higher

Both Japan’s Nikkei Average and Australia’s S&P/ASX 200 spent a little time in negative territory during the opening minutes, but both are higher now, up 0.5% and 0.3%, respectively.
From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are up 4 and DOW futures are up 37(fair value).

Oil prices are up with WTI futures at $102.58 per barrel and Brent at $110.19 per barrel.

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are around $3.40 per gallon (up sharply over the last two weeks, but down significantly from the same week a year ago).  If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.



Orange County Historical Gas Price Charts Provided by GasBuddy.com