Week (2010 Sep 27 - 2010 Oct 1)

Monday: There are no market-moving economic or corporate events expected on Monday.

Tuesday: The Case-Shiller 20-city home price index is expected to have increased 3.4% in July after rising 4.2% in June.
Prices inched up 0.6% in July compared with June, according to the S&P/Case-Shiller 20-city home price index. On a year-over-year basis, prices rose 3.2% compared with July 2009. Experts polled by Briefing.com had forecast a year-over-year rise of 3.3%.

After the start of trading, the Conference Board releases its Consumer Confidence index for September. Economists forecast the index to have edged down to 52.9 during the month from 53.5 in August.

Wednesday: The government's weekly oil inventory report is due after the start of trading.

Thursday: The third and final reading on gross domestic product growth in the second quarter is due before the bell. The economy is expected to have expanded at a 1.6% annualized rate, unchanged from the previous reading, and still sharply lower from the initial reading had been for a 2.4% growth rate in the period.

At the same time, the Department of Labor releases a weekly report on jobless claims. The number of Americans filing new claims for unemployment insurance is expected to have decreased to 457,000 last week from 465,000 in the previous week.

Continuing claims, a measure of Americans who have been receiving benefits for a week or more, are expected to have dropped to 4.45 million from 4.49 million claims the previous week.

The Chicago PMI, a regional reading on manufacturing activity, will be released after the bell. The measure is expected to have eased to 56.0 in September from 56.7 in August.


jobless claims totaled 453,000.SAlso, the Commerce Department released its third estimate for second-quarter gross domestic product, raising it slightly to a gain of 1.7% from the previously reported 1.6%


Friday:
A government report on personal income and spending is due before the opening bell. Economists surveyed by Briefing.com expect income to have edged up 0.3% in August after rising 0.2% in July. Spending is forecast to tick up 0.3% after increasing 0.4%.

The University of Michigan's final reading on consumer sentiment in September is due shortly after the market open. It's expected to inch up to 67.1 from the last reading 66.6.

The Institute for Supply Management's (ISM) index of manufacturing is also due after the start of trading. Economists forecast the index to have slipped to 54.5 in September from 56.3 in August. Any number above 50 indicates growth in the sector.

Meanwhile, the government is expected to report that construction spending fell 0.5% in August, after dropping 1% in July.

Auto and truck sales for September are due throughout the day. To top of page

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