Economic Events on May 31, 2011

At 9:00 AM EDT, the monthly S&P/Case-Shiller home price index report will be released.  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.

At 9:45 AM EDT, the Chicago PMI Index for May will be announced.  The consensus index value is 63, which is 4.6 points lower than last month, but is still well above the break-even level at 50.

At 10:00 AM EDT, the monthly report on Consumer Confidence for May will be released.  The consensus index level is 66.5, which would be a 1.1 point increase from April’s number.

Also at 10:00 AM EDT, the State Street Investor Confidence Index will be released, which looks at changes in the amount of equities held in the portfolios of institutional investors.

At 3:00 PM EDT, the Farm Prices report for April will be released, giving investors and economists an indication of the direction of food prices in the coming months.

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>