The Week Ahead: New Home Sales and Consumer Spending Reports, But All Eyes Are on Spain
This week, market watchers will keep their eyes on a potential bailout request by Spain. Stories are circulating that the country is preparing for a formal bailout request to the European Central Bank; it may arrive on Thursday, reported the Financial Times.
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No surprise, Spain has said it doesn’t need a bailout but an actual request is a different story.
Back in the U.S., it’s a busy week for economic numbers. This includes a snapshot of the U.S. housing market, GDP and consumer sentiment topping the list.
Let’s take a look at the week ahead.
Monday: Chicago Fed August national activity index and Dallas Fed September manufacturing survey
Tuesday: S&P Case-Shiller home-prices index for July, September consumer confidence, July FHFA home prices index and Richmond Fed September manufacturing survey
Wednesday: August new home sales
Thursday: Weekly jobless claims, August durable goods orders, Second-quarter real GDP (3rd read), August pending home sales and Kansas City Fed September manufacturing survey
Friday: August personal income, August consumer spending, August core PCE prices, September Chicago PMI and September Reuters/UMich consumer sentiment (final)
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