The Economic Week Ahead.....

Monday 26

3 & 6 Month Bill Auction

2 & 5 Year Note Announcement

Tuesday 27

ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales. This measure tracks weekly sales from discounters, chain and department stores.

Consumer Confidence Consensus 90.5

4 Week Bill Auction

Wednesday 28

Existing Home Sales-consensus 4.95M….. Last month sales fell 8.0% , down 19.1% from September 2006. Housing supply for September was at 10.5 months, highest level since 1999.

Durable Goods Orders Consensus .3%-This number was down 1.7% in September and posted a sharp revised 5.3% drop in August. This report takes into account the current and future number of orders placed with factories. By showing how busy factories will be in the coming months you can get an indication of economic activity and health of the overall economy.

MBA Purchase Applications-Measures Mortgage Lender applications, this is considered a leading indicator of single family home sales!

EIA Petroleum Status Report-Measures petroleum inventories in the US2 Year Note Auction

Beige Book -This is a report that comes out approximately two weeks before each Federal Reserve meeting. It gives a picture of the current economic situation and can provide some hints as to future rate policy.

Continued at the Burbankmarketreport.com!