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Incomes, spending data on tap

This week brings several major reports that could help determine the direction of interest rates.

Today is the quietest session, starting with personal income and spending at 8:30 a.m. ET. Economists forecast a 0.4 percent income gain in August and a 0.3 percent increase in spending, equal to their respective changes the previous month.

Pending-home sales at 10 a.m. ET are expected to show a gain of 0.5 percent for last month, equal to July's increase.

The Dallas branch of the Federal Reserve follows with its regional-activity index at 10:30 a.m. ET.

Tomorrow features brings several European sentiment surveys, but the most important number will be U.S. consumer confidence. The Case-Shiller index of home prices are also due, along with Costco earnings in the post-market.

Wednesday's big event is ADP's private-sector payrolls report. European inflation, mortgage applications, the Chicago Purchasing Managers Index, and crude-oil inventories are also due. Paychex reports in the morning.

The following overnight session brings revised manufacturing data for China and Europe.

Thursday features jobless claims, the Institute for Supply Management's key manufacturing index, construction spending, and natural-gas inventories. Micron Technology announces results after the closing bell.

The week concludes with the Labor Department's key non-farm payrolls report Friday morning, followed by factory orders.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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