Consumer confidence, new home sales highlight Tuesday's economic calendar

As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Tuesday, November 26, 2024. The day's lineup includes key reports on consumer confidence, new home sales, building permits, and the eagerly anticipated FOMC meeting minutes, all of which have the potential to influence market sentiment and trading decisions.

Major Economic Events to Watch

• 8:00 AM ET: Building Permits (Oct) - Forecast: 1.416M, Previous: 1.425M. A key indicator of housing market demand.

• 10:00 AM ET: CB Consumer Confidence (Nov) - Forecast: 112.0, Previous: 108.7. Measures consumer optimism about the economy.

• 10:00 AM ET: New Home Sales (Oct) - Forecast: 724K, Previous: 738K. Indicates the health of the housing market.

• 2:00 PM ET: FOMC Meeting Minutes - Provides insights into the Federal Reserve's monetary policy stance.

Other Important Economic Events to Watch

• 8:00 AM ET: Building Permits (MoM) (Oct) - Forecast: -0.6%, Previous: -3.1%. Month-over-month change in building permit issuance.

• 9:00 AM ET: S&P/CS HPI Composite-20 n.s.a. (YoY) (Sep) - Forecast: 5.1%, Previous: 5.2%. Measures home price changes in 20 metropolitan areas.

• 10:00 AM ET: New Home Sales (MoM) (Oct) - Previous: 4.1%. Month-over-month change in new home sales.

• 1:00 PM ET: 5-Year Note Auction - Previous: 4.138%. Indicates investor demand for medium-term government debt.

• 4:30 PM ET: API Weekly Crude Stock - Previous: 4.753M. Provides an overview of U.S. petroleum demand.

Other Economic Events to Watch

• 8:55 AM ET: Redbook (YoY) - Previous: 5.1%. Measures same-store sales growth in large U.S. general merchandise retailers.

• 9:00 AM ET: S&P/CS HPI Composite-20 n.s.a. (MoM) (Sep) - Previous: -0.3%. Month-over-month change in home prices.

• 9:00 AM ET: House Price Index (YoY) (Sep) - Previous: 4.2%. Reflects average change in house prices across the country.

• 9:00 AM ET: Monthly Home Price Index (Sep) - Previous: 427.0. Captures changes in single-family home values.

• 9:00 AM ET: S&P/CS HPI Composite - 20 s.a. (MoM) (Sep) - Previous: 0.4%. Seasonally adjusted month-over-month change in home prices.

• 9:00 AM ET: House Price Index (MoM) (Sep) - Forecast: 0.3%, Previous: 0.3%. Month-over-month change in house prices.

• 10:00 AM ET: Richmond Manufacturing Shipments (Nov) - Previous: -8. Indicates manufacturing activity in the Fifth Federal Reserve District.

• 10:00 AM ET: Richmond Services Index (Nov) - Previous: 3. Reflects service sector activity in the Fifth Federal Reserve District.

• 10:00 AM ET: Richmond Manufacturing Index (Nov) - Forecast: -10, Previous: -14. Measures overall manufacturing conditions in the Fifth Federal Reserve District.

• 10:30 AM ET: Dallas Fed Services Revenues (Nov) - Previous: 9.2. Indicates service sector revenue trends in Texas.

• 10:30 AM ET: Texas Services Sector Outlook (Nov) - Previous: 2.0. Provides insight into Texas service sector conditions.

• 11:00 AM ET: US M2 Money Supply - Previous: 21.22T. Measures the total money supply in the U.S. economy.

• 11:30 AM ET: 52-Week Bill Auction - Previous: 4.100%. Indicates investor demand for short-term government debt.

For further information and the latest updates, please refer to our Economic Calendar, here.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Source: Investing.com