Monday:
• Early: The LPS May Mortgage Monitor report. This is a monthly report of mortgage delinquencies and other mortgage data.
• Early: Reis Q2 2013 Office Survey of rents and vacancy rates.
• At 3:00 PM ET, Consumer Credit for May from the Federal Reserve. The consensus is for credit to increase $13.0 billion in May.
Weekend:
• Schedule for Week of July 7th
Over in Europe from Reuters: Greece, foreign lenders close in on deal to unlock aid
Greece is likely to reach a deal with foreign lenders on its latest bailout review before a meeting of euro zone finance ministers on Monday to decide on further aid, EU and Greek officials said on Sunday.
…
Greece hopes euro zone finance ministers will free up its next 8.1 billion-euro ($10.4 billion) tranche of aid when they meet on Monday …
The Asian markets are green tonight with the Nikkei up 1.1%.
From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are up 6 and DOW futures are up 53 (fair value).
Oil prices have increased recently with WTI futures at $103.91 per barrel and Brent at $108.00 per barrel. The spread between WTI and Brent has narrowed significantly.
Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices have fallen 15 cents per gallon over the last three weeks to almost $3.49 per gallon. Based on Brent prices and the calculator at Econbrowser, I expect gasoline prices to move up a 5 cents if oil prices stay steady.
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 |