The Economic Week Ahead…..

Monday 22

3 & 6 Month Bill Auction

Tuesday 23

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 & 5 Year Tips Auction

Wednesday 24

Existing Home Sales-consensus 5.30M….. Last month sales fell 4.3% and the median home price dropped 1.8% and housing supply for August was at 10 months.
MBA Purchase Applications measures applications at mortgage lenders. This is considered a leading indicator for single family home sales and housing construction.

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

2 Year Note Auction

Thursday 25

New Home Sales Consensus 770,000 New Home sales were slightly higher in July at 870,000and down 8.3% in August.

Durable Goods Orders Consensus 1.8%-This number posted a sharp 4.9% drop in August. This report takes into account the current and future number of orders placed with factories. By showing how busy factories will be in the coming months you can get an indication of economic activity and health of the overall economy.
Jobless Claims Unemployment claims. Consensus 320K
Help Wanted Index

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.

5 Year Auction

Money Supply

Friday 26

Consumer Sentiment Consensus 82

Weekend news from the Middle East as well as concern over the price of oil and the upcoming FOMC meeting will be at the forefront this week.

The FOMC will meet at the end of this month and although the consensus seems to be that they are more concerned with growth than fighting inflation, there are major concerns over a weaker dollar.

Have a great week everyone!

This entry was posted on 21. October 2007 at 20:09 and is filed under Economic Market Reports, Blogroll. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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