Monday Outlook: Existing and New Home Sales, Durable Goods Orders

This week investors are watching a couple releases that could cause some movement in the markets. Participants have their eyes on the existing and new home sales reports, which are expected to give a better indication of the status of the recovering U.S. housing market. The durable goods orders, set to be released this Thursday, will also provide investors some key economic data.

Economic Calendar

Tuesday- US: Richmond Fed Manufacturing Index 10:00 AM ET

Wednesday- US: New Home Sales 10:00 AM ET

Thursday- U.K. GDP 4:30 AM ET, US: Durable Goods Orders 8:30 AM ET, US: Jobless Claims 8:30 AM ET

Links

Stocks fluctuate, investors watch earnings and data (Bloomberg)

Existing home sales down, but prices soar (Reuters)

A conversation about CME Group in Europe with Phupinder Gill, Lee Betsill and William Knottenbelt (MarketsWiki)

A bit more about ethanol’s contribution to corn values (Farmgate blog)

A good day for Japan’s Prime Minister, but what’s ahead for the Yen? (Bloomberg)

Labor force participation is not coming back (New York Times)

Detroit unease throws up muni opportunity (Financial Times)

BofA to Goldman lead tsunami of bank bond sales (Bloomberg)

In climbing income ladder, location matters (NYT via Yahoo)

What the history of tractor use can tell us about adopting new technologies (St. Louis Fed)

 

This Week in Tweets

WTI Continues to climb


John Roe and James Koutoulas live-tweeted the Senate Ag hearing on CFTC reauthorization

Bernanke Testifies

Americans get their rest on the weekends

OpenMarkets is an online magazine and blog focused on global markets and economic trends. It combines feature articles, news briefs and videos with contributions from leaders in business, finance, economics and politics in an interactive forum designed to foster conversation around the issues and ideas shaping our industry.

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