• 8:30 AM ET, Durable Goods Orders for July from the Census Bureau. The consensus is for a 4.0% decline in durable goods orders. The expected decline is from the volatile aircraft orders (and other transportation), and the consensus is for a 0.3% gain ex-transportation.
• At 10:30 AM, Dallas Fed Manufacturing Survey for August. The consensus is a reading of 4.5, up from 4.4 in July (above zero is expansion).
• During the Day: The LPS First Look at July's mortgage performance data.
Weekend:
• Schedule for Week of August 25th
• The Future is still Bright!
The Nikkei is up about 0.2%.
From CNBC: Pre-Market Data and Bloomberg futures: the S&P and DOW futures are flat (fair value).
Oil prices have increased with WTI futures at $107.04 per barrel and Brent at $111.30 per barrel. The spread between WTI and Brent is back (but still small).
Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are mostly moving sideways. 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 |
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