There’s a slew of economic data coming out in the week ahead which may refocus markets on the state of the US recovery. The twin terrors of Europe and China have played havoc with US stocks and commodities, now we’ll get a look at the state of our own comeback…
CNN Money gives us the rundown of the reports we can expect this week:
Monday: The National Association of Realtors is expected to report that existing home sales jumped in April, gaining for the second straight month.
Sales are expected to have risen to a seasonally-adjusted 5.65 million unit rate in April, according to a consensus of economists surveyed by Briefing.com, from a 5.4 million unit rate in March.
Tuesday: The S&P/Case-Shiller Home Price Index of 20 cities, due out in the morning, is expected to have risen 2.8% in March after rising 0.6% in February.
The Consumer Confidence index, from the Conference Board, is expected to have risen to 58.3 in May from 57.9 in April. The report is due out after the start of trading.