As traders approach another pivotal day for financial markets, Tuesday, August 27, 2024, brings a series of crucial economic data releases that could sway market dynamics. The spotlight falls on consumer confidence figures and housing market indicators, which are expected to provide valuable insights into the current state of the U.S. economy.
Major Economic Events to Watch
• 10:00 AM ET - CB Consumer Confidence (Aug): A key indicator of consumer spending trends, forecast at 100.2, slightly down from the previous 100.3.
Other Important Economic Events to Watch
• 9:00 AM ET - S&P/CS HPI Composite-20 n.s.a. (Jun): Year-over-year change in home prices across 20 major metropolitan areas, expected at 6.9%, up from 6.8% previously.
• 1:00 PM ET - 2-Year Note Auction: Treasury auction results, with the previous yield at 4.434%, indicating government borrowing costs.
• 4:30 PM ET - API Weekly Crude Stock: Oil inventory levels, previously at 0.347M barrels, impacting crude oil prices.
Other Economic Events to Watch
• 8:55 AM ET - Redbook (Aug 25): Year-over-year same-store sales growth, previously at 4.9%.
• 9:00 AM ET - S&P/CS HPI Composite-20 n.s.a. (MoM) (Jun): Month-over-month home price changes, previously at 1.0%.
• 9:00 AM ET - S&P/CS HPI Composite - 20 s.a. (MoM) (Jun): Seasonally adjusted monthly home price index, previously at 0.3%.
• 9:00 AM ET - House Price Index (YoY) (Jun): Annual change in house prices, previously at 5.7%.
• 9:00 AM ET - Monthly Home Price Index (Jun): Broad measure of single-family house prices, previously at 424.6.
• 9:00 AM ET - House Price Index (MoM) (Jun): Monthly change in house prices, forecast at 0.2%, up from 0.0%.
• 10:00 AM ET - Richmond Services Index (Aug): Measure of business activity in the services sector, previously at 5.
• 10:00 AM ET - Richmond Manufacturing Index (Aug): Gauge of manufacturing conditions, forecast at -14, improving from -17.
• 10:00 AM ET - Richmond Manufacturing Shipments (Aug): Manufacturing shipments indicator, previously at -21.
• 10:30 AM ET - Dallas Fed Services Revenues (Aug): Measure of service sector revenues in Texas, previously at 7.7.
• 10:30 AM ET - Texas Services Sector Outlook (Aug): Outlook for the Texas services sector, previously at -0.1.
• 1:00 PM ET - US M2 Money Supply (Jul): Broad measure of money supply, previously at $21.03 trillion.
For further information and the latest updates, please refer to our Economic Calendar, here https://www.investing.com/economic-calendar/
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