Pending home sales data takes center stage on Monday

As traders approach another pivotal day for financial markets, Monday, December 30, 2024, brings a crucial economic data release that could sway market dynamics. The spotlight falls on the pending home sales report, which is expected to provide insights into the health of the U.S. housing market and potentially influence investor sentiment.

Major Economic Events to Watch

• 10:00 AM ET - Pending Home Sales (Nov): Expected 0.7%, Previous 2.0%. This National Association of Realtors report measures changes in home sales under contract, offering a forward-looking indicator of housing market activity.

Other Important Economic Events to Watch

• 9:45 AM ET - Chicago PMI (Dec): Expected 42.8, Previous 40.2. This index gauges manufacturing sector health in the Chicago region and can help forecast the national ISM manufacturing PMI.

Other Economic Events to Watch

• 10:00 AM ET - Pending Home Sales Index (Nov): Previous 77.4. This index provides additional context to the pending home sales data.

• 10:30 AM ET - Dallas Fed Manufacturing Business Index (Dec): Previous -2.7. This survey assesses factory activity in Texas, offering regional economic insights.

• 11:30 AM ET - 3-Month Bill Auction: Previous 4.240%. This auction reflects short-term government borrowing costs.

• 11:30 AM ET - 6-Month Bill Auction: Previous 4.170%. This auction provides insights into medium-term government debt yields.

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

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Source: Investing.com