Economic Events on August 31, 2012

At 9:45 AM Eastern time, the Chicago PMI Index for August will be announced. The consensus index value is 53.0, which is 0.7 points lower than last month, but is still above the break-even level of 50.

At 9:55 AM Eastern time, Consumer Sentiment for the second half of August will be announced.  The consensus is that the index will be at 73.5, which is 0.1 points lower than the value reported in the first half of the month.

At 10:00 AM Eastern time, the Factory Orders report for July will be released.  The consensus is that there was an increase of 2.0% in orders from the previous month.

Also at 10:00 AM Eastern time, Federal Reserve Chairman Ben Bernanke will make remarks at the Federal Reserve Bank of Kansas City Economic Symposium.

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

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