Sunday, June 30, 2019

Monday: ISM Mfg, Construction Spending

by Calculated Risk on 6/30/2019 08:30:00 PM

Weekend:
Schedule for Week of June 30, 2019

Monday:
• At 10:00 AM: ISM Manufacturing Index for June. The consensus is for the ISM to be at 51.2, down from 52.1 in May.

• At 10:00 AM: Construction Spending for May. The consensus is for a 0.1% increase in construction spending.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 23 and DOW futures are up 206 (fair value).

Oil prices were up over the last week with WTI futures at $59.74 per barrel and Brent at $66.01 barrel.  A year ago, WTI was at $74, and Brent was at $77 - 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 $2.70 per gallon. A year ago prices were at $2.85 per gallon, so gasoline prices are down about 6% year-over-year.