U.S. Economic Calendar Event Update – Jan 29
These are the U.S. economic calendar events for Tuesday, January 29, 2013. All times are EST.
Case-Shiller 20-city Index for Nov are scheduled to be released at 9:00 AM. Analysts are estimating a result of 5.2%. The prior period for Case-Shiller 20-city Index had a result of 4.3%. This event has a low effect on US markets.
Consumer Confidence for Jan are scheduled to be released at 10:00 AM. Analysts are estimating a result of 65.1. The prior period for Consumer Confidence had a result of 65.1. This event has a major effect on US markets.
At the release of important events, US equity markets (INDEXSP:.INX) can make major moves. Be sure to keep an eye on S&P (NYSEARCA:SPY), Nasdaq (NYSEARCA:QQQ) and Dow Jones (NYSEARCA:DIA) at the time of announcements.
Here is some more information about the events discussion in this article.
Case-Shiller 20-city Index: This report examines changes in the value of the residential real estate market in 20 regions across the US. This report serves as an indicator for the health of the US housing market.
Consumer Confidence: The Conference Board conducts a monthly survey of 5000 households to ascertain the level of consumer confidence. The report can occasionally be helpful in predicting sudden shifts in consumption patterns, though most small changes in the index are just noise. Only index changes of at least five points should be considered significant. The index consists of two subindexes – consumers’ appraisal of current conditions and their expectations for the future. Expectations make up 60% of the total index, with current conditions accounting for the other 40%. The expectations index is typically seen as having better leading indicator qualities than the current conditions index.