After three consecutive months of decline, the S and P Case-Shiller 20-City Composite Index remained nearly unchanged in February. Year-over-year home prices rose by 12.90 percent in February as compared to 13.20 percent in January.
There are far fewer economic reports scheduled for release this week with the biggest reports released on Thursday with Retail Sales and Initial Jobless Claims. We do have Treasury auctions taking place on Wednesday and Thursday with the 10 Year Note and 30 Year Bond. Mortgage rates look to recover from last weeks increases following better than expected GDP and job reports.
What is on the agenda for this week?
|Date||Time (ET)||Economic Release||Actual||Market Expects||Prior|
|10-Dec||10:00 AM||Wholesale Inventories||–||0.30%||0.40%|
|10-Dec||10:00 AM||JOLTS – Job Openings||–||NA||3.913M|
|11-Dec||7:00 AM||MBA Mortgage Index||–||NA||-12.80%|
|11-Dec||7:00 AM||MBA Mortgage Purchase Index||–||NA||-12.80%|
|11-Dec||10:30 AM||Crude Inventories||–||NA||-5.585M|
|11-Dec||2:00 PM||Treasury Budget||–||NA||-$172.1B|
|12-Dec||8:30 AM||Initial Claims||–||315K||298K|
|12-Dec||8:30 AM||Continuing Claims||–||2750K||2744K|
|12-Dec||8:30 AM||Retail Sales||–||0.60%||0.40%|
|12-Dec||8:30 AM||Retail Sales ex-auto||–||0.30%||0.20%|
|12-Dec||8:30 AM||Export Prices ex-ag.||–||NA||-0.40%|
|12-Dec||8:30 AM||Import Prices ex-oil||–||NA||0.00%|
|12-Dec||10:00 AM||Business Inventories||–||0.30%||0.60%|
|12-Dec||10:30 AM||Natural Gas Inventories||–||NA||NA|
|13-Dec||8:30 AM||Core PPI||–||0.10%||0.20%|