May 3, 2010
Economic Reports, Goldman Sachs and Euro Zone Remain on Radar
Stock investors will have on their radar this week key U.S. economic reports, an alleged Goldman Sachs criminal investigation and continued Euro Zone worries.
U.S. investors will be keying in on several economic reports this week, starting with Monday’s Personal Income and Outlays, ISM Manufacturing, and Construction Spending
and ending with Friday’s Non-Farm Payrolls.
Traders are looking for Personal Income to grow about 0.4% in March after a flat February. The slight rise in weekly payrolls should help with the improvement. At 9 am
CDT, the ISM Manufacturing Report is expected to come out at 61.0. This is up from 59.6. The consensus is 57.0 to 62.5. Finally, Construction Spending is called -0.3%. The downtrend in public and
nonresidential components is the cause behind last month’s decline.
Looking ahead to Friday’s U.S. Non-Farm Payrolls Report, traders are expecting an increase of about 200,000 jobs. The consensus is wide at 110,000 to 500,000 but this
range is …
