- Summary for Week ending April 1st
This will be a light week for economic data.
Note: Reis is expected to release their Q1 Office, Mall and Apartment vacancy rate reports this week. These reports have been showing “stabilizing” vacancy rates for offices and malls, and falling vacancy rates for apartments.
—– Monday, April 4th —–
9:05 AM ET: Atlanta Fed President Dennis Lockhart speaks in Palm Beach, Florida.
7:15 PM ET: Fed Chairman Ben Bernanke, “Clearinghouses and Financial Stability“, At the Federal Reserve Bank of Atlanta 2011 Financial Markets Conference, Stone Mountain, Georgia
—– Tuesday, April 5th —–
10:00 AM: ISM non-Manufacturing Index for March. The consensus is for a slight decrease to 59.5 from 59.7 in February.
Click on graph for larger image in graph gallery.
This graph shows the ISM non-manufacturing index (started in January 2008) and the ISM non-manufacturing employment diffusion index. The February ISM Non-manufacturing index was at 59.7%, up from 59.4% in January. The employment index indicated faster expansion in February at 55.6%, up from 54.5% in January. Note: Above 50 indicates expansion, below 50 contraction.
12:45 PM: Minneapolis Federal Reserve Bank President Narayana Kocherlakota speaks “The impact of, and response to, industry forces on homeownership in Emerging Markets”
2:00 PM: FOMC Minutes, Meeting of March 15, 2011. The minutes might contain hints about the recent disagreements on QE2, and possibly a discussion about the recently announced post-meeting press conferences.—– Wednesday, April 6th —–
7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. This index has been very weak over the last couple months suggesting weak home sales through the first few months of 2011.
—– Thursday, April 7th —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a decrease to 385,000 from 388,000 last week.
3:00 PM: Consumer Credit for February. The consensus is for a $4.8 billion increase in consumer credit.
—– Friday, April 8th —–
10:00 AM: Monthly Wholesale Trade: Sales and Inventories for February.
Best wishes to All!