Monday , December 9 2019
Home / Calculated Risk / Monday: ISM Manufacturing, Construction Spending

Monday: ISM Manufacturing, Construction Spending

Summary:
Weekend:• Schedule for Week of December 1, 2019Monday:• At 10:00 AM, ISM Manufacturing Index for November.  The consensus is for 49.2%, up from 48.3%. The PMI was at 48.3% in October, the employment index was at 47.7%, and the new orders index was at 49.1%.• Also at 10:00 AM, Construction Spending for October.  The consensus is for 0.4% increase in spending.From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 6, and DOW futures are down 64 (fair value).Oil prices were down over the last week with WTI futures at .76 per barrel and Brent at .05 barrel.  A year ago, WTI was at , and Brent was at - so oil prices are up year-over-year. Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at .59 per gallon. A year ago prices were

Topics:
Calculated Risk considers the following as important:

This could be interesting, too:

[email protected] (New Deal democrat) writes Scenes from the November jobs report

Tyler Durden writes Amazon Accuses Trump Of “Seeking To Harm Political Enemy Jeff Bezos” In Awarding JEDI Contract To MSFT

Chris Midgley writes The biggest challenges to decarbonization are still ahead

Tyler Durden writes Williams: “They’ve Effectively Lost Control Of The System”

Weekend:
Schedule for Week of December 1, 2019

Monday:
• At 10:00 AM, ISM Manufacturing Index for November.  The consensus is for 49.2%, up from 48.3%. The PMI was at 48.3% in October, the employment index was at 47.7%, and the new orders index was at 49.1%.

• Also at 10:00 AM, Construction Spending for October.  The consensus is for 0.4% increase in spending.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 6, and DOW futures are down 64 (fair value).

Oil prices were down over the last week with WTI futures at $55.76 per barrel and Brent at $61.05 barrel.  A year ago, WTI was at $51, and Brent was at $60 - so oil prices are up year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.59 per gallon. A year ago prices were at $2.59 per gallon, so gasoline prices are unchanged year-over-year.

Leave a Reply

Your email address will not be published. Required fields are marked *