Reply To: Traders Market Weekly: Cracks Widen in China and Emerging Markets

#74528
MoneyNeverSleeps
Participant

March FHFA Housing Price Index 0.1%; Prior 1.2%
March S&P Case-Shiller Home Price Index 7.4% (consensus 7.0%); Prior 7.3%
May Consumer Confidence 102.0 (consensus 96.0); Prior was revised to 97.5 from 97.0

The key takeaway from the report is that consumers are feeling good about labor market conditions, which is important as that typically translates into increased spending activity.

Looking ahead, market participants will receive the weekly MBA Mortgage Applications Index at 7:00 ET tomorrow. Wednesday’s calendar also features the release of the Fed’s Beige Book at 2:00 ET and the results of a $44 billion 7-yr Treasury note auction will be released at 1:00 ET.