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Sunday Night Futures

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Monday:
• Early: The LPS May Mortgage Monitor report. This is a monthly report of mortgage delinquencies and other mortgage data.

• Early: Reis Q2 2013 Office Survey of rents and vacancy rates.

• At 3:00 PM ET, Consumer Credit for May from the Federal Reserve. The consensus is for credit to increase .0 billion in May.

Weekend:
• Schedule for Week of July 7th

Over in Europe from Reuters: Greece, foreign lenders close in on deal to unlock aid

Greece is likely to reach a deal with foreign lenders on its latest bailout review before a meeting of euro zone finance ministers on Monday to decide on further aid, EU and Greek officials said on Sunday.

Greece hopes euro zone finance ministers will free up its next 8.1 billion-euro (.4 billion) tranche of aid when they meet on Monday …

The Asian markets are green tonight with the Nikkei up 1.1%.

From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are up 6 and DOW futures are up 53 (fair value).

Oil prices have increased recently with WTI futures at 3.91 per barrel and Brent at 8.00 per barrel. The spread between WTI and Brent has narrowed significantly.

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices have fallen 15 cents per gallon over the last three weeks to almost .49 per gallon. Based on Brent prices and the calculator at Econbrowser, I expect gasoline prices to move up a 5 cents if oil prices stay steady.

If you click on “show crude oil prices”, the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.

Orange County Historical Gas Price Charts Provided by GasBuddy.com



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