Economic Events on May 9, 2012

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 Wholesale Trade report will be released for March, showing inventory levels for wholesalers in the United States.  The consensus is that wholesale inventories increased 0.6%.

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.

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