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Monday: ISM Mfg, Construction Spending

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by Calculated Risk on 7/31/2022 09:02:00 PM

Weekend:
o Schedule for Week of July 31, 2022

Monday:
o (likely, might be Tuesday) At 8:00 AM ET, Corelogic House Price index for June

o 10:00 AM, ISM Manufacturing Index for July. The consensus is for the ISM to be at 52.0, down from 53.0 in June.

o 10:00 AM, Construction Spending for June. The consensus is for a 0.2% increase in construction spending.

o 2:00 PM, Senior Loan Officer Opinion Survey on Bank Lending Practices for July.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 15 and DOW futures are down 112 (fair value).

Oil prices were mixed over the last week with WTI futures at $98.62 per barrel and Brent at $103.97 per barrel. A year ago, WTI was at $74, and Brent was at $78 – so WTI oil prices are up 33% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $4.18 per gallon. A year ago, prices were at $3.16 per gallon, so gasoline prices are up $1.02 per gallon year-over-year.

30-Year Mortgage Rates Decrease to 5.13%

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