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Monday: ISM Manufacturing, Construction Spending

Note: Several Google employees have offered to help with my minor blog issue - thanks so much - and I'm sure the issue will be resolved.

 

This will be a very busy week for economic data!

 

Monday:

 

• At 9:00 AM ET, The Markit US PMI Manufacturing Index for November. The consensus is for an increase to 54.2 from 51.8 in October.

 

• At 10:00 AM, the ISM Manufacturing Index for November. The consensus is for a decrease to 55.5 from 56.4 in October.

 

• Also a 10:00 AM, Construction Spending for September and October. The consensus is for a 0.5% increase in September, and a further 0.5% increase in October construction spending.

 

Weekend:

 

Schedule for Week of December 1st

 

The Nikkei is down slightly.

 

From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are up slightly and DOW futures are up 20 (fair value).

 

Oil prices are mixed with WTI futures down to $92.82 per barrel and Brent at $109.69 per barrel.  The spread is back big time!

 

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices have decreased recently to $3.25 per gallon.  If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.

 

 

 

Orange County Historical Gas Price Charts Provided by GasBuddy.com