Economic Events on December 7, 2011

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.

At 10:00 AM Eastern time, the Quarterly Services Survey will be released, showing the status of the information and technology-related service industries.

At 10:30 AM Eastern time, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

At 3:00 PM Eastern time, the Consumer Credit report for October will be released.  The consensus estimate is that there will be an increase of $7.5 billion in the consumer credit available, after an increase of $7.4 billion in the previous month.

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