July – Eye on the Month Ahead (Aug)

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Posted on August 2nd, 2011

Eye on the Month Ahead

Much will depend on what happens in the hours leading up to August 2. If default is off the table, investors will still keep an eye on bond rating agencies to see if there is any follow through on threats of a rating downgrade. Treasury auctions, especially those scheduled early in the month, will be watched for signs that cautious investors are pushing yields up and prices down. And the big question: what impact will economic uncertainty have on consumers’ willingness and ability to spend?

Key dates and data releases: manufacturing, construction spending (8/1); deadline for increase in debt ceiling, auto sales, personal income/spending (8/2); factory orders, U.S. services, Treasury auctions of 3-year, 10-year, and 30-year securities (8/3); unemployment/payrolls (8/5); labor productivity/costs, Federal Reserve Open Markets Committee announcement (8/9); international trade (8/11); retail sales, business inventories (8/12); international capital flows (8/15); housing starts, industrial production (8/16); wholesale inflation (8/17); consumer inflation, home resales (8/18); options expiration (8/19); new home sales (8/23); durable goods orders (8/24); second estimate of Q2 gross domestic product (8/26); personal income/spending, FOMC minutes (8/30).

 

Source: Broadridge