Sunday, December 02, 2018

Monday: ISM Mfg, Construction Spending

by Calculated Risk on 12/02/2018 08:24:00 PM

Schedule for Week of December 2, 2018

• At 10:00 AM, ISM Manufacturing Index for November.  The consensus is for 57.2%, down from 57.7%. The PMI was at 57.7% in October, the employment index was at 56.8%, and the new orders index was at 57.4%.

• At 10:00 AM, Construction Spending for October.  The consensus is for 0.4% increase in spending.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 41 and DOW futures are up 435 (fair value).

Oil prices were up over the last week with WTI futures at $52.94 per barrel and Brent at $61.60 per barrel.  A year ago, WTI was at $58, and Brent was at $63 - so WTI oil prices are down 10%, and Brent prices down about 5% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $2.44 per gallon. A year ago prices were at $2.46 per gallon, so gasoline prices are down slightly year-over-year.