Sunday, June 02, 2019

Monday: ISM Manufacturing, Construction Spending

by Calculated Risk on 6/02/2019 07:44:00 PM

Weekend:
Schedule for Week of June 2, 2019

Monday:
• At 10:00 AM ET, ISM Manufacturing Index for May. The consensus is for the ISM to be at 52.9, up from 52.8 in April. The employment index was at 52.4% in April, and the new orders index was at 51.7%.

• Also at 10:00 AM, Construction Spending for April. The consensus is for a 0.5% increase in construction spending.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 15 and DOW futures are down 164 (fair value).

Oil prices were down over the last week with WTI futures at $52.81 per barrel and Brent at $61.19 per barrel.  A year ago, WTI was at $66, and Brent was at $75 - so oil prices are down about 20% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.81 per gallon. A year ago prices were at $2.96 per gallon, so gasoline prices are down about 5% year-over-year.