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Tuesday: Durable Goods, Case-Shiller House Prices, Richmond and Dallas Fed Mfg Surveys

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Tuesday:
• At 8:30 AM ET, Durable Goods Orders for April from the Census Bureau. The consensus is for a 0.8% decrease in durable goods orders.

• At 9:00 AM, the FHFA House Price Index for March. This was original a GSE only repeat sales, however there is also an expanded index. The consensus is for a 0.5% increase.

• Also at 9:00 AM, the S&P/Case-Shiller House Price Index for March. Although this is the March report, it is really a 3 month average of January, February and March. The consensus is for a 11.9% year-over-year increase in the Composite 20 index (NSA) for March. The Zillow forecast is for the Composite 20 to increase 11.9% year-over-year, and for prices to increase 0.8% month-to-month seasonally adjusted.

• At 10:00 AM, Conference Board’s consumer confidence index for May. The consensus is for the index to increase to 83.0 from 82.3.

• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for May. The consensus is for a reading of 9, up from 7 in April.

• Also at 10:00 AM, Dallas Fed Manufacturing Survey for May. This is the last of the regional Fed manufacturing surveys for May.

Weekend:
• Schedule for Week of May 25th

From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are up 4 and DOW futures are up 40 (fair value).

Oil prices were up over the last week with WTI futures at 4.27 per barrel and Brent at 0.32 per barrel.

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are around .63 per gallon (might have peaked, and slightly below the level of a year ago).  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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