Sunday, December 29, 2019

Monday: Pending Home Sales, Dallas Fed Mfg

by Calculated Risk on 12/29/2019 06:29:00 PM

Weekend:
Schedule for Week of December 29, 2019

Monday:
• At 9:45 AM ET, Chicago Purchasing Managers Index for December.

• At 10:00 AM, Pending Home Sales Index for November. The consensus is for a 1.1% increase in the index.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for December. This is the last of regional manufacturing surveys for December.

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

Oil prices were up over the last week with WTI futures at $61.71 per barrel and Brent at $68.16 barrel.  A year ago, WTI was at $46, and Brent was at $51 - so oil prices are up over 30% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.57 per gallon. A year ago prices were at $2.26 per gallon, so gasoline prices are up 31 cents year-over-year.