SamTrader1
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ECONOMIC NEWS
Consumer sentiment plunged to its lowest level in more than three decades, according to the Thomson Reuters/University of Michigan survey as investors were spooked by high unemployment, low wages and the debt ceiling debate.
Retail sales rose in July, their biggest gain since March, according to the Commerce Department. Also out, business inventories posted a smaller-than-expected gain in June, according to the Commerce Department.
THE WEEK AHEAD
MONDAY: Empire State Mfg survey, housing market index, Fed’s Lockhart speaks, credit card default rates reported; Earnings from Lowe’s
TUESDAY: Housing starts, import/export prices, industrial production, Sarkozy & Merkel meet; Earnings from Home Depot, Wal-Mart, Saks, and Dell
WEDNESDAY: Weekly Mortgage Apps, PPI, oil inventories; Earnings from Deere and Target
THURSDAY: CPI, jobless claims, existing home sales, Philadelphia Fed survey, leading indicators, money supply, Forest Labs shareholder mtg; Earnings from Sears, Hewlett-Packard and Gap
FRIDAY: Fed’s Pianalto speaks
Binary Options Trading analysis written by David Frank
ECONOMIC NEWS
Consumer sentiment plunged to its lowest level in more than three decades, according to the Thomson Reuters/University of Michigan survey as investors were spooked by high unemployment, low wages and the debt ceiling debate.
Retail sales rose in July, their biggest gain since March, according to the Commerce Department. Also out, business inventories posted a smaller-than-expected gain in June, according to the Commerce Department.
THE WEEK AHEAD
MONDAY: Empire State Mfg survey, housing market index, Fed’s Lockhart speaks, credit card default rates reported; Earnings from Lowe’s
TUESDAY: Housing starts, import/export prices, industrial production, Sarkozy & Merkel meet; Earnings from Home Depot, Wal-Mart, Saks, and Dell
WEDNESDAY: Weekly Mortgage Apps, PPI, oil inventories; Earnings from Deere and Target
THURSDAY: CPI, jobless claims, existing home sales, Philadelphia Fed survey, leading indicators, money supply, Forest Labs shareholder mtg; Earnings from Sears, Hewlett-Packard and Gap
FRIDAY: Fed’s Pianalto speaks
Binary Options Trading analysis written by David Frank