The Economic Week Ahead……

10. June 2007 by Ana Connell.

Monday11

3 Month & 6 Month Bill Auction

Tuesday12

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.

4 Week bill and 10 Year Note Auction

Treasury Budget -US Treasury releases a monthly account of budget surplus or deficit.  Consensus is $-70B

The higher the deficit the more T notes and T bills have to be issued by the US Treasury to finance our government, this, depending on demand, can result in lower bond prices and higher rates.

Wednesday13

MBA Purchase Applications measures applications at mortgage lenders.  This is considered a leading indicator for single family home sales and housing construction.
Import and Export Prices.…again another tool to gauge inflation in our economy.

Retail Sales 

Business Inventories-Consensus .3%

Beige Book This report is prepared for the FOMC upcoming meeting where the Fed sets interest rate policy.

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

Thursday14

Jobless Claims Unemployment claims.

Producer Price Index  PPI Consensus Forecast for May 07: +0.6 percent

Quarterly Services Survey

EIA Natural Gas Report-Tracks natural gas inventories.

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

Money SupplyFriday 15

QUADRUPLE WITCHING! -This is when contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire.  Because of the unraveling of so many transactions this can prove to be a rocky day for the markets.

Bernanke speaks at Atlanta Fed conference on the Credit Channel of Monetary Policy, in Atlanta, Georgia .

CPI-Consumer Price Index- measures average price of a fixed set of goods and services used by consumers.
Current Account-measures U.S.’s international trade balance on a quarterly basis.

Empire State Manufacturing Survey-monthly survey of manufacturers in New York State.

Treasury Int’l Capital-measures foreign demand for our debt and assets.

Industrial Production

Consumer Sentiment

Have a great week! Remember to click on the links for more information on each report.

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