ICSC-Goldman Store Sales 7:45 AM ET
This weekly measure of comparable store sales at major retail chains, published by the International Council of Shopping Centers, is related to the general merchandise portion of retail sales. It accounts for roughly 10 percent of total retail sales.Read More...
Housing Starts 8:30 AM ET
Market Consensus Before Announcement ; Housing starts in February dropped a monthly 22.5 percent after jumping 18.4 percent the prior month. The February annualized pace of 0.479 million units was down 20.8 percent on a year-ago basis. The February reversal was led by a monthly 46.1 percent drop in multifamily starts, following an 87.4 percent surge in January. Also, the single-family component fell 11.8 percent in February after edging up 1.4 percent the prior month. Housing permits declined 8.2 percent in February, following a 10.2 percent decrease in February. Looking ahead, housing starts are notoriously volatile in winter months when seasonal factors are so large and anything can happen coming off those months. Read More...
Redbook - 8:55 AM ET
A weekly measure of sales at chain stores, discounters, and department stores. It is a less consistent indicator of retail sales than the weekly ICSC index. It is also calculated differently than other indicators. For instance, figures for the first week of the month are compared with the average for the entire previous month. When two weeks are available, then these are compared with the average for the previous month, and so on. It might be more useful to compare year-over-year figures since these are indeed compared to the comparable week a year ago. This index is correlated with the general merchandise portion of retail sales covering only about 10 percent of total retail sales. Read More...
4-Week Bill Auction - 11:30 AM ET
Treasury bills are sold at public auctions every week. Competitive bids at these auctions determine the interest rate paid on each issue. A group of 17 securities dealers (as of June 18, 2009), known as primary dealers, are authorized and obligated to submit competitive tenders at Treasury auctions. Dealers can hold the bills, resell the bills to their clients or trade them with other securities firms. Since these are public auctions, the Treasury must announce the size, date and time of the auction every week. Four-week bills are announced on Monday for a Tuesday auction and are issued (settled) on Thursday of the same week. If a Monday is a banking holiday, the bills are auctioned on Wednesday. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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