Economic Events on February 28, 2012

At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:30 AM Eastern time, the Durable Goods Orders report for January will be released. The consensus is that there was a decrease of 0.7% from the previous month.

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

At 9:00 AM Eastern time, 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 10:00 AM Eastern time, the monthly report on Consumer Confidence for February will be released.  The consensus index level is 64, which would be a 2.9 point increase from last month’s number.

Also at 10:00 AM Eastern time, 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.

Also at 10:00 AM Eastern time, the Richmond Fed Manufacturing Index for February will be released.  The consensus is that the index will be at 13, which would be an increase of 1 point from the previous month.

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