Monday: ISM Manufacturing, Construction Spending, Vehicle Sales
Weekend: • Schedule for Week of February 2, 2025 Monday: • At 10:00 AM ET, ISM Manufacturing Index for January. The consensus is for the ISM to be at 49.5, up from 49.3 in December. • Also at 10:00 AM, Construction Spending for December. The consensus is for a 0.1% increase in construction spending. • All day, Light vehicle sales for January. Sales were at 16.8 million in December (Seasonally Adjusted Annual Rate). Wards expects vehicle sales to decrease to 15.6 million SAAR in January. • At 2:00 PM, Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS). From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 95 and DOW futures are down 470 (fair value). Oil prices were down over the last week with WTI futures at $74.05 per barrel and Brent at $76.39 per barrel. A year ago, WTI was at $72, and Brent was at $80 - so WTI oil prices are up about 3% year-over-year. Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.05 per gallon. A year ago, prices were at $3.15 per gallon, so gasoline prices are down $0.10 year-over-year.
• Schedule for Week of February 2, 2025
Monday:
• At 10:00 AM ET, ISM Manufacturing Index for January. The consensus is for the ISM to be at 49.5, up from 49.3 in December.
• Also at 10:00 AM, Construction Spending for December. The consensus is for a 0.1% increase in construction spending.
• All day, Light vehicle sales for January. Sales were at 16.8 million in December (Seasonally Adjusted Annual Rate). Wards expects vehicle sales to decrease to 15.6 million SAAR in January.
• At 2:00 PM, Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS).
From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 95 and DOW futures are down 470 (fair value).
Oil prices were down over the last week with WTI futures at $74.05 per barrel and Brent at $76.39 per barrel. A year ago, WTI was at $72, and Brent was at $80 - so WTI oil prices are up about 3% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.05 per gallon. A year ago, prices were at $3.15 per gallon, so gasoline prices are down $0.10 year-over-year.