by Calculated Risk on 5/28/2012 09:52:00 PM
Monday, May 28, 2012
Monday Night Futures
• The S&P/Case-Shiller House Price Index for March is scheduled to be released at 9:00 AM ET. The consensus is for a 2.7% decrease year-over-year in the Composite 20 index (NSA) in March.
The Zillow forecast is for the Composite 20 index to decline 2.6% year-over-year, and for prices to increase slightly month-over-month seasonally adjusted. I expect these indexes to be at new post-bubble lows, Not Seasonally Adjusted (NSA).
• At 10:00 AM, the Conference Board's consumer confidence index for May will be released. The consensus is for an increase to 69.7 from 69.2 last month.
• At 10:30 AM, the Dallas Fed Manufacturing Survey for May. The consensus is for the general business activity index to increase to 3.0, up from -3.4 in April. This is the last of the regional Fed manufacturing surveys for May.
The Asian markets are mixed tonight. The Nikkei is down about 0.3%, and the Shanghai Composite is down slightly.
From CNBC: Pre-Market Data and Bloomberg futures: the S&P 500 futures are up about 5, and Dow futures are up 40.
Oil: WTI futures are at $90.08 (this is down from $109.77 in February) and Brent is at $106.90 per barrel.
Saturday:
• Summary for Week Ending May 25th
• Schedule for Week of May 27th
For the monthly economic question contest (two more questions for May, and four questions for June):