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Monday, August 30, 2010

Event List –8/30/2010

http://money.cnn.com/2010/08/27/markets/sunday_lookahead/index.htm

Monday: A government report on personal income and spending is due before the opening bell. Economists surveyed by Briefing.com expect income to have edged up 0.2% in July after staying flat in June. Spending is forecast to rise 0.3% after ticking up 0.1%.

Economy slowing to a crawl -- or a halt?

Tuesday: The Conference Board releases its Consumer Confidence index for August after the start of trading. Economists forecast the index to have edged down to 50 in August from 50.4 in July.

The Chicago PMI, a regional reading on manufacturing activity, is expected to have fallen to 57.5 in August from 62.3 in July.

The Case-Shiller 20-city home price index is expected to have risen 3.5% in June after rising 4.6% in May.

Wednesday: Before the market opens, payroll processing firm ADP is expected to report that private sector employers added 13,000 jobs in August after adding 42,000 in July.

Separately, outplacement firm Challenger, Gray and Christmas will report on planned job cuts.

After the start of trading, the Institute for Supply Management's (ISM) index of manufacturing is due. Economists forecast the index to have eased to 53 in August from 55.5 in July. Any number above 50 indicates growth in the sector.

Meanwhile, the government is expected to report that construction spending fell 0.7% in July, after slipping 0.1% in June.

Auto and truck sales are due throughout the day, and the government's weekly oil inventory report also is released Wednesday.

Thursday: The Department of Labor releases a weekly report on jobless claims before the bell. The number of Americans filing new claims for unemployment insurance is expected to have edged up slightly last week to 475,000 from 473,000 in the previous week. Continuing claims, a measure of Americans who have been receiving benefits for a week or more, are expected to have dropped to 4,435,000 from 4,456,000.

Housing's new nightmare

Meanwhile, the government is expected to report that pending home sales were unchanged in July after dropping 2.6% in June.

Factory orders are due from the Commerce Department in the morning. Economists forecast orders to have risen 0.3% in July after falling 1.2% in June.

The Commerce Department will issue a report on second-quarter business productivity, which is expected to be downwardly revised to a decline of 1.6% from the 0.9% drop that was initially projected.

Friday: The week ends with the government's widely anticipated monthly jobs report, which is forecast to show the U.S. economy lost 118,000 jobs in August after cutting payrolls by 131,000 in July. The unemployment rate is expected to tick up to 9.6% from 9.5%.

 

http://money.cnn.com/2010/08/27/markets/sunday_lookahead/index.htm

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