that could impact trading.The Census Bureau is expected to announce at 8:30 a.m. Monday new orders for manufactured big-ticket items were unchanged in May from a month ago, after rising a seasonally adjusted 0.5% in April. If you factor out the transportation component, orders are anticipated to rise 0.3%, slightly below April’s increase of 0.4%. Orders for core capital goods, a closely watched proxy for business spending, are seen climbing 0.3% in May, slightly trailing April’s 0.4% pop.
An employee works on the 40 millionth Ford Motor Co. F-Series truck on the assembly line at the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan.he National Association of Realtors is expected to announce at 10 a.m. Monday its index of pending Economists surveyed by Refinitiv are looking for a decline of 4%, the seventh straight monthly drop as buyers contend with soaring borrowing costs and record-high prices.
A view of a townhome for sale in Huntington Beach, listed at $1,100,000 Friday, April 22, 2022. The median home price in Orange Count has reached $1 million for the first time in history.The Dow, Nasdaq and S&P 500 recouped their losses from the prior week.on concerns that the Fed could push the economy into a recession as it tightens monetary policy to combat inflation.
"It's clear that economic activity is cooling, which should cool down inflation. That together is rather positive," said Luc Filip, head of investments at SYZ Private Banking.