Economic Events on November 27, 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 October will be released. The consensus is that there was a decrease of 0.8% from the previous month.

Also at 8:30 AM Eastern time, Federal Reserve Chairman Ben Bernanke will make remarks at the National College Fed Challenge Finals.

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 November will be released.  The consensus index level is 72.8, which would be a 0.6 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 FHFA House Price Index for September will be released, providing more information about the direction of the housing market.

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 -8, which would be a decrease of 1 point from the previous month.

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