Sunday, February 02, 2020

Monday: ISM Mfg, Construction Spending

by Calculated Risk on 2/02/2020 11:38:00 PM

Weekend:
Schedule for Week of February 2, 2020

Monday:
• At 10:00 AM ET, ISM Manufacturing Index for January. The consensus is for the ISM to be at 48.5, up from 47.2 in December.

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

• At 2:00 PM, Senior Loan Officer Opinion Survey on Bank Lending Practices for January.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 20 and DOW futures are up 165 (fair value).

Oil prices were down over the last week with WTI futures at $51.42 per barrel and Brent at $56.19 barrel.  A year ago, WTI was at $55, and Brent was at $62 - so oil prices are down 10% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.46 per gallon. A year ago prices were at $2.27 per gallon, so gasoline prices are up 19 cents per gallon year-over-year.