This week investors are watching a couple releases that could cause some movement in the markets. Participants have their eyes on the existing and new home sales reports, which are expected to give a better indication of the status of the recovering U.S. housing market. The durable goods orders, set to be released this Thursday, will also provide investors some key economic data.
Economic Calendar
Tuesday- US: Richmond Fed Manufacturing Index 10:00 AM ET
Wednesday- US: New Home Sales 10:00 AM ET
Thursday- U.K. GDP 4:30 AM ET, US: Durable Goods Orders 8:30 AM ET, US: Jobless Claims 8:30 AM ET
Links
Stocks fluctuate, investors watch earnings and data (Bloomberg)
Existing home sales down, but prices soar (Reuters)
A conversation about CME Group in Europe with Phupinder Gill, Lee Betsill and William Knottenbelt (MarketsWiki)
A bit more about ethanol’s contribution to corn values (Farmgate blog)
A good day for Japan’s Prime Minister, but what’s ahead for the Yen? (Bloomberg)
Labor force participation is not coming back (New York Times)
Detroit unease throws up muni opportunity (Financial Times)
BofA to Goldman lead tsunami of bank bond sales (Bloomberg)
In climbing income ladder, location matters (NYT via Yahoo)
What the history of tractor use can tell us about adopting new technologies (St. Louis Fed)
This Week in Tweets
WTI Continues to climb
WTI back on the rise, could eclipse Brent by the end of the year. http://t.co/ys3yz4z7It $USO
— InvestorPlace (@InvestorPlace) July 22, 2013
John Roe and James Koutoulas live-tweeted the Senate Ag hearing on CFTC reauthorization
.@CMEGroup's Duffy futures market has been between $80 and $100 for 3 years, fluctuation in gas is not because commodities market is broken
— John L. Roe (@JohnLRoe) July 17, 2013
Bernanke Testifies
Bernanke says that a lot of Americans are having trouble getting mortgages even though they should qualify. True.
— Heidi N. Moore (@moorehn) July 18, 2013
Americans get their rest on the weekends
the average american spends 8.73 hours per day sleeping. on weekends, it's 9.39 hours, and weekdays, 8.45 hours
— Catherine Rampell (@crampell) July 18, 2013
