U.S. Empire State Manufacturing Index Might Decline To This Level In August, Here Are The Major Macro Issues For Monday

U.S. Empire State Manufacturing Index Might Decline To This Level In August, Here Are The Major Macro Issues For Monday

U.S. stocks closed higher on Friday with the Dow Jones gaining more than 400 points on Friday. Shares of Tesla, Inc. TSLA gained 4.7%, surpassing the $900 level on Friday.

Let’s have a look at the major economic reports scheduled for release today.

  • The Empire State manufacturing index for August is scheduled for release at 8:30 a.m. ET. The Empire State index is projected to decline back to 5.0 in August from July’s reading of 11.1.
  • The housing market index for August will be released at 10:00 a.m. ET. The housing market index moved lower in July, dipping 12 points to 55 for the single biggest drop on record. Analysts, however, expect an unchanged reading of 55 for August.
  • Federal Reserve Governor Christopher Waller is set to speak at 10:50 a.m. ET.
  • The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
  • The Treasury International Capital report for June will be released at 4:00 p.m. ET.

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Posted In: Economic DataNewsEconomicsPre-Market OutlookMarkets