• At 8:30 AM ET: NY Fed Empire State Manufacturing Survey for June. The consensus is for a reading of 15.0, down from 19.0 in May (above zero is expansion).
• At 9:15 AM, the Fed will release Industrial Production and Capacity Utilization for May. The consensus is for a 0.5% increase in Industrial Production, and for Capacity Utilization to increase to 78.9%.
• At 10:00 AM, the June NAHB homebuilder survey. The consensus is for a reading of 47, up from 45 in May. Any number below 50 indicates that more builders view sales conditions as poor than good.
Weekend:
• FOMC Preview: More Tapering
• Schedule for Week of June 15th
From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are down 3 and DOW futures are down 25 (fair value).
Oil prices moved up over the last week with WTI futures at $107.42 per barrel and Brent at $113.09 per barrel.
Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are around $3.65 per gallon (might move up soon due to higher oil prices). 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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