Economic Events on January 12, 2011

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EST, and there was a week to week decrease of 3.7% in the Purchase Index and a week to week increase of 4.9% in the Refinance Index.

At 8:30 AM EST, Secretary of the Treasury Tim Geithner will give a speech to John’s Hopkins SAIS in Washington.

Also at 8:30 AM EST, the Import and Export Prices index for December will be released, providing some data that can be used to monitor the threat of inflation.

At 10:30 AM EST, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

At 2:00 PM EST, the Treasury budget for December will be released.  The consensus is a deficit of $84 billion, which is larger than the historical average, but about $7.6 billion less than last December.

Also at 2:00 PM EST, the Beige Book report will be released, giving us more information about economic conditions in each Federal Reserve district in advance of the next Fed meeting.

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Economic Events on December 1, 2010

The figures for motor vehicle sales in November will be released today.  The consensus estimate is that 8.9 million autos were sold last month, which would be an increase of 100,000 from October.

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EST, and there was a week to week increase of 1.1% in the Purchase Index and a week to week decrease of 21.6% in the Refinance Index as interest rates moved up from near record lows.

The Challenger Job-Cut Report was released at 7:30 AM EST, and it showed that there were 48,711 layoffs in November, which is about 11,000 more than the number of layoffs that were reported in October.

At 8:15 AM EST, the ADP Employment Report will be released.  Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.

At 8:30 AM EST, the Productivity and Costs report for the third quarter of 2010 will be released.  The consensus is that non-farm productivity increased by 2.4% in the last quarter and labor unit costs did not change.

At 10:00 AM EST, the Construction Spending report for October will be released, and the consensus is that there will a decline of 0.4% in spending compared to the previous month.

Also at 10:00 AM EST, the ISM manufacturing index for November will be released.  The consensus estimate is that it increased 0.1 points last month to a value of 57.0, and will continue to signal economic growth as it remains above the mid-point of 50.

At 10:30 AM EST, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

At 2:00 PM EST, the Beige Book report will be released, giving us more information about economic conditions in each Federal Reserve district in advance of the next Fed meeting.

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Economic Events on October 20, 2010

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 6.7% in the Purchase Index and a week to week decrease of 11.2% in the Refinance Index.

At 11:00 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

At 2:00 PM EDT, the Beige Book report will be released, giving us more information about economic conditions in each Federal Reserve district in advance of the next Fed meeting.

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Economic Events on September 8, 2010

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EDT, and there was a week to week increase of 6.3% in the Purchase Index and a week to week decrease of 3.1% in the Refinance Index, putting the purchase applications at their highest level since May.

At 7:45 AM EDT, 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 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.

At 10:00 AM EDT, the Quarterly Services Survey will be released, showing the status of the information and technology-related service industries.

At 2:00 PM EDT, the Beige Book report will be released, giving us more information about economic conditions in each Federal Reserve district in advance of the next Fed meeting.

At 3:00 PM EDT, the Consumer Credit report for July will be released.  The consensus estimate is that there will be an decrease of $3.5 billion in the consumer credit available from June to July, after a decreases of $1.3 billion in June, $9.1 billion in May and $14.9 billion in April.

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Economic Events on July 28, 2010

The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week increase of 2.0% in the Purchase Index and a week to week decrease of 5.9% in the Refinance Index as the housing market showed a slight improvement for the second week in a row from the weakness shown since the second financial stimulus program for home sales came to a close at the end of April.

At 8:30 AM EDT, the Durable Goods Orders report for June will be released.  The consensus is that there was a increase of 1.0% from May, which still be below the strong number reported in April.

At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

At 2:00 PM EDT, the Beige Book report will be released, giving us more information about economic conditions in each Federal Reserve district in advance of the next Fed meeting.

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