Home sales, consumer confidence on the agenda

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Tuesday's calendar of economic data kicks off with ICSC-Goldman same store sales figures at 7:45 a.m. ET, followed by the Redbook at 8:55 am ET.

The first number with the potential to move markets will be the June S&P Case-Shiller Home Price Index at 9:00 am ET. Analysts expect the 20-city, month-over-month seasonally adjusted change to be positive 0.4 percent, versus a decline of 0.9 percent in May. The expected range is 0.2 to 1.0 percent.

The 20-City, non-seasonally adjusted reading is expected to be 1.4 percent versus the May's 2.2 percent increase.

Consumer Confidence for August at follows an hour later. It's expected to show a slight decline from 65.9 in July to 65.8 for August within the range of 63.0 to 68.0.

Also at 10:00 a.m., the Richmond Fed will report its manufacturing Index for August. The level is expected to rise from -17 in July to -10 for August within the range of -12 to -7.

 

 



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