Saturday, May 28, 2011

Tuesday Spotlight: Case-Shiller, Bernanke Speaks

9 a.m. — Case-Shiller home price data for September is set to be released. The index of home prices in 20 metropolitan areas is expected to rise 1% year-over-year. In August, the 20-metropolitan area index was up 1.7% versus the prior year.

9:45 a.m. — A report from the Chicago chapter of the Institute of Supply Management offers a read on the business climate in the midwest in November. The headline business barometer number is expected to arrive at 60, that’s a bit lower than last month, but still indicates expansion. Last month the the Institute for Supply Management-Chicago reported that its business barometer increased to 60.6 in October from 60.4 in September. That was the 13th straight month of economic expansion as the U.S. rebounds from the worst slowdown since the Great Depression.

10 a.m. — Consumer confidence readings for November are expected to improve as the headline reading jumps to 52.3, according to Wall Street group think. U.S. consumer confidence improved in October, but remained at historically low levels. The Conference Board, a private research group, said its index of consumer confidence rose to 50.2 in October from September’s revised 48.6.

3 p.m. — Fed Chairman Ben Bernanke is expected to participate in a “Conversation on the Economy” with business leaders at Ohio State University.

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