3. June 2007 by Ana Connell.

City of Burbank Water and Power is sponsoring the Solar Support Program.

If you are thinking about installing or researching a solar panel system in your home or business, Burbank is the place to do it!  You can receive up to $10,000 for residents and $25,500 for businesses in rebates!

This is an amazing way to help cut down our reliance on conventional energy sources.  If you are interested in more information, please check out

Solar Photovoltaic Power and BWP’s Solar Support Program!

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3. June 2007 by Ana Connell.

Monday 4

Factory Orders-consensus .7% This report is viewed quite seriously as it represents what lies ahead for the manufacturing sector.  Because this sector is a large part of our overall economy it tends to influence investments in the market.

Tuesday 5

ICSC-USB Store Sales  Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales.  Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.

ISM Non-Manufacturing Survey This index tracks business activity levels.  It is widely looked at as it is adjusted for seasonal variations and can point to inflationary pressures in the economy.

Wednesday 6

MBA Purchase Applications measures applications at mortgage lenders.  This is considered a leading indicator for single family home sales and housing construction.

Bank Reserve Settlement bank reserve levels which highlight liquidity trends.

Challenger Job Cut Report tracks anticipated corporate layoffs.

ECB Announcement on monetary policy.  This is about interest rate policy and higher rates are bearish for the market.

Productivity and Costs Investors use this data to try and discern which direction the market will go as productivity growth is crucial to a strong economy.

EIA Petroleum Status Report reports on crude oil inventories in the U.S.

Treasury Strips

Thursday 7

BOE Announcement Bank of England monetary policy.

Jobless Claims Unemployment claims.
Wholesale Trade measures sales made and inventories held by wholesalers.  This data can provide a good tool for tracking the economy.

EIA Natural Gas Report-Tracks natural gas inventories.

3 and 6 month Treasury Bill Announcement , 10 year Note Announcement Investors use this data to attempt to predict future Federal Reserve policy.

Chain Store Sales Another indicator of consumer spending trends.

Consumer Credit Measures consumer installment credit levels.

Money Supply

Friday 8

International Trade Gauges economic trends by measuring levels of imports and exports.

RBC Cash Index Monthly national survey of consumer attitudes on the state of the economy.  Consumer spending accounts for two thirds of the economy, so this tends to be an important index.

Another packed week!  For those of you who are interested in more information for these reports, please click on that link and it will take you to a more detailed explanation and Bloomberg’s Calendar of Events.

Have a great week!

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