Weekly Outlook: Housing Sales and Greece Bailout

 

This week will provide significant insight into the housing market with the release of last month’s existing and new home sales. The aftermath of a new tentative bailout plan for Greece and a closed deal with Iran may influence market activity.

 

Economic Calendar

Monday:

Treasury Budget 2:00 PM ET

 

Tuesday:

Business Inventories 10:00 AM ET

 

Wednesday:

US: FHFA House Price Index 9:00 AM ET

US: Existing Home Sales 10:00 AM ET

 

Thursday:

US: Chicago Fed National Activity Index 8:30 AM ET

US: Leading Indicators 10:00 AM ET

 

Friday:

US: PMI Manufacturing Index Flash  9:45 AM ET

US: New Home Sales  10:00 AM ET

 

Links

How raising Fed rates soon will manage risk (The Wall Street Journal – Real Time Economics)

Why China’s real growth rate is misleading (Bloomberg)

The running total of ECB credit to Greece nears € 90 billion  (New York Times)

Four reasons why the Greek bailout may succeed (Medium)

Six global market trends and risks (Quartz)

Gold prices drop after China announces reserves volume (Bloomberg)

Rising rent and the affordability gap in cities (Crain’s)

The direction of oil as told by futures contracts (Financial Times)

Pros and Cons of the Iran nuclear deal (The Atlantic)

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