Sunday, November 29, 2020

Sunday Night Futures

by Calculated Risk on 11/29/2020 09:10:00 PM

Weekend:
Schedule for Week of November 29, 2020

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

• At 10:00 AM, Pending Home Sales Index for October. The consensus is for a 2.0% increase in the index.

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

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

Oil prices were up over the last week with WTI futures at $45.10 per barrel and Brent at $47.60 barrel. A year ago, WTI was at $58, and Brent was at $65 - so WTI oil prices are down about 25% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.10 per gallon. A year ago prices were at $2.60 per gallon, so gasoline prices are down $0.50 per gallon year-over-year.