Financial Roadmap March 19 to 24, 2007
The big thing for investors to watch this week will be the interest rate announcement from the Federal Reserve's Federal Open Market Committee meeting Tuesday and Wednesday. With markets generally expecting the Fed to keep the federal funds rate at the current 5.25%, the accompanying statement's clues to the Fed's future course hold the most potential to move markets. (Of course, if the Fed opts for an unexpected change in interest rates, markets are likely to react strongly.)
Also out this week are three monthly indicators on the much watched housing market ‫ new home sales, existing home sales and housing starts. The markets need reassurance that housing is stabilizing given the recent bad news on subprime and adustable rate mortgage foreclosures, so any sign of weakness in these is likely to have a big impact on securities.
|
Day / Date |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
|
Indicators |
March Housing Market Index from the National Association of Homebuilders and Wells Fargo: Housing Market Index Down 7.7% to 36 |
January Leading Index for Spain from the Conference Board: Leading Up 0.7%; Coincident Up 0.4% February Housing Starts from the Commerce Department: March Investor Confidence Index from State Street Associates: |
January Leading Index for Germany from the Conference Board: Coincident Down 0.1%; Leading Up 0.2% Monetary Policy and Interest Rate Announcement from the Federal Open Market Committee of the Federal Reserve: |
February Leading, Coincident and Lagging Indicator indexes for the United States from the Conference Board Leading Down 0.5%; Coincident Up 0.3%; Lagging Up 0.2% January Leading Index for Australia from the Conference Board: Weekly Jobless Claims Report from the Employment and Training Administration |
February Existing Home Sales from the National Association of Realtors: Existing Home Sales Up 3.9% |
|
Earnings Reports |
LUBYS INC [Ticker: LUB ; Industry: Restaurants ] | Oracle Corp [Ticker: ORCL ; Industry: Application Software ] | FedEx Corporation [Ticker: FDX ; Industry: Air Delivery & Freight Services ] | CONAGRA FOOD INC [Ticker: CAG ; Industry: Processed & Packaged Goods ] | CHINA OILFIELD [Ticker: 2883.HK] |
|
Treasury Auctions and Announcements |
11 AM: 4-Week T-Bill Announcement
1 PM: 3-Month and 6-Month T-Bill Auctions |
1 PM: 4-Week T-Bill Auction | No auctions or announcements | 11 AM: 3-Month and 6-Month T-Bill Announcements | No auctions or announcements |
*See more information on the Financial Roadmap series here. Earnings reports are companies of interest, NOT recommendations.
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