Economic Events on June 27, 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 8:30 AM Eastern time, the Durable Goods Orders report for May will be released. The consensus is that there was an increase of 0.4% from the previous month.

At 10:00 AM Eastern time, the pending home sales index for May will be announced.  The consensus is that the index increased 1.2% last month.

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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