Economic Events on October 31, 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 Employment Cost Index for the third quarter of 2012 will be announced.  The consensus is an increase of 0.5%.

At 9:45 AM Eastern time, the Chicago PMI Index for October will be announced. The consensus index value is 51.0, which is 1.3 points higher than last month, and is still above the break-even level at 50.

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

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