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Monday: Pending Home Sales, Dallas Fed Mfg

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by Calculated Risk on 8/29/2021 06:46:00 PM

Weekend:
o Schedule for Week of August 29, 2021

Monday:
o At 10:00 AM ET, Pending Home Sales Index for July. The consensus is for a 0.4% increase in the index.

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

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 43 and DOW futures are up 260 (fair value).

Oil prices were up over the last week with WTI futures at $69.33 per barrel and Brent at $73.42 per barrel. A year ago, WTI was at $43, and Brent was at $45 – so WTI oil prices are UP about 60% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.13 per gallon. A year ago prices were at $2.22 per gallon, so gasoline prices are up $0.91 per gallon year-over-year.

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