by Calculated Risk on 3/02/2014 09:08:00 PM

Monday:
• All day, Light vehicle sales for February. The consensus is for light vehicle sales to increase to 15.4 million SAAR in February (Seasonally Adjusted Annual Rate) from 15.2 million SAAR in January.

• At 8:30 AM ET, the Personal Income and Outlays report for January. The consensus is for a 0.2% increase in personal income, and for a 0.1% increase in personal spending. And for the Core PCE price index to increase 0.1%.

• At 9:00 AM, the Markit US PMI Manufacturing Index for February.

• At 10:00 AM, the ISM Manufacturing Index for February. The consensus is for an increase to 51.9 from 51.3 in January. The ISM manufacturing index indicated expansion in January at 51.3%. The employment index was at 52.3%, and the new orders index was at 51.2%.

• Also at 10:00 AM, Construction Spending for January. The consensus is for a 0.1% decrease in construction spending.

Weekend:
• Schedule for Week of March 2nd

From MarketWatch: Asia Markets live blog: The China Factory Story

Japan (Nikkei Average) down 2.5%
Sydney (S&P/ASX 200) down 0.8%
Seoul (Kospi) down 0.2%

From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are down 16 and DOW futures are down 126 (fair value).

Oil prices are up with WTI futures at $104.08 per barrel and Brent at $110.93 per barrel.

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are around $3.44 per gallon (up sharply over the last month, but down significantly from the same week 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