Monday:
• At 8:30 AM ET, the Chicago Fed National Activity Index for April will be released. This is a composite index of other data.
Weekend:
• Schedule for Week of May 19th
The Asian markets are green tonight with the Nikkei up 1.0%, and Shanghai Composite up 0.2%.
From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are down slightly and DOW futures are down 6 (fair value).
Oil prices have moved sideways recently with WTI futures at $95.99 per barrel and Brent at $104.62 per barrel.
Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are up 17 cents per gallon over the last two weeks to $3.67 per gallon. Based on Brent prices and the calculator at Econbrowser, I expect gasoline prices to fall soon.
If you click on “show crude oil prices”, the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.
| Orange County Historical Gas Price Charts Provided by GasBuddy.com |