News from across the continent
26/06/2012 05:39:20 AM
26/06/2012 02:59:29 AM
25/06/2012 08:43:44 PM
25/06/2012 11:25:14 AM
25/06/2012 10:13:59 AM
25/06/2012 10:09:24 AM
25/06/2012 03:44:52 AM
24/06/2012 03:41:55 PM
Publish Date24/06/2012 03:41:55 PM
Last Update26/06/2012 07:28:58 AM
The final week of June beholds a key round of economic fundamentals from all across the industries. We will see housing data, labor-market situation, GDP figures, as well as income and latest gauges consumer confidence. It will be a highly monitored June end.
Monday, 25 June
Sales of newly-constructed U.S. houses probably climbed no more than 1.0 percent to an annual rate of 346 thousand in May, compared with last month`s 343 thousand, indicating housing industry is still constrained by distressed property value and rising foreclosures.
Tuesday, 26 June
The Standard & Poor`s/CaseShiller home price indexes will be released to likely show more negative numbers for April, with the 20-city composite-20 index probably lower at -2.10 percent from 2.57 percent a month ago earlier.
Another report may show confidence about the economy and business conditions in the U.S. were probably little changed in June. The Conference Board of the Federal Reserve will publish the index of consumer confidence, with a median estimate around 64 from 64.9.
Wednesday, 27 June
Booking for U.S. long-lasting goods probably rebounded in May, while the U.S. commerce Department will release the index of durable goods orders probably around 0.5 percent increase from last month`s 0.2 percent rise, and 0.7 percent rise excluding transportation.
Contract activity in the U.S. housing market probably rose last month, where the National Association of Realtors is expected to report a 1.5 percent increase in sales of pending U.S. houses in May, from the prior decline of 5.50 percent.
Thursday, 28 June
The U.S. economy probably grew at the same pace in the third quarter of this year, as the Commerce Department is expected to show the final estimate of first-quarter GDP steadied at 1.9 percent annual rate, adding to signs the economy is struggling to add steam.
Other reports may show that filing for unemployment benefits in the U.S. was little changed last week. In June 16 week, the initial jobless claims cam at 387 thousand, while continuing claims were at 3299 thousand, adding to signs of instability in the most distressed market.
Friday, 29 June
Personal spending in the U.S. is also in the pool of possibly negative surprises, where the Commerce Department is expected to show personal outlays in May eased to 0.1 percent from 0.3 percent the month ago, as personal income probably steadied at 0.2 percent.
Business activity in the Chicago area probably a little punch this month, with Institute for Supply Management-Chicago Inc`s business barometer likely to notch a level of plus 53, from 52.7 a month earlier, adding to evident manufacturing is the backbone of the recovery.
Another confidence gauge will be out on Friday, where the Thompson Reuters/University of Michigan gauge of consumer sentiment will be out to probably show a final reading around 74.5, up from 74.1 earlier this month.
Opinions expressed at ICN.com are those of the individual authors and do not necessarily represent the opinion of ICN.com or its management, shareholders, affiliates and subsidiaries. ICN.com has not verified the accuracy of any claim or statement made by any independent writer and is reserved as their own and ICN.com is not accountable for their input. Any opinions, news, research, analysis, prices or other information contained on this website, by ICN.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ICN.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market prices, meaning prices are indicative and not appropriate for trading purposes. ICN.com does not bear any responsibility for any trading losses you might incur as a result of using this data.
©2012 ICN.COM. ALL RIGHTS RESERVED