Economic Events on April 27, 2010

The weekly ICSC-Goldman Store Sales report will be released at 7:45 AM EDT, and another strong week of sales is expected.

At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.

The monthly S&P/Case-Shiller home price index report will be released at 9:00 AM EDT.  Given that most economists don’t expect the overall U.S. economy to improve until housing prices end their decline, the market will be watching this number closely.

The monthly report on Consumer Confidence for April will be released at 10:00 AM EDT.  The consensus index level is 53.5, which would be a slight increase over March, and this report will be watched closely by the market because of the drop in consumer sentiment reported earlier this month.

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