Preview -- Barron's
March 19 2021 - 10:00PM
Dow Jones News
Monday 3/22
The National Association of Realtors reports existing-home sales
for February. Consensus estimate is for a seasonally adjusted
annual rate of 6.55 million homes sold, slightly lower than the
January data. The median existing-home sales price was $303,900 in
January, up 14.1% year over year, as housing inventory hit a record
low.
The Federal Reserve Bank of Chicago releases its National
Activity index for February. Economists forecast a 0.68 reading,
about even with January's 0.66. A positive reading indicates that
the economy is growing faster than historical trends.
Unilever hosts an investor presentation to discuss its U.S.
operations.
Tuesday 3/23
Adobe, IHS Markit, and GameStop report quarterly results.
The Census Bureau reports new single-family home sales for
February. Expectations are for a seasonally adjusted annual rate of
900,000 homes sold, slightly lower than the January figure.
New-home sales are just off their post-financial-crisis peak set
last July.
Wednesday 3/24
General Mills releases fiscal third-quarter earnings.
The Census Bureau releases the durable goods report for
February. The consensus call is for new orders of manufactured
durable goods to rise 0.5% month over month to $258 billion.
Excluding transportation, new orders are also seen gaining 0.5%.
This compares with increases of 3.4% and 1.3%, respectively, in
January.
IHS Markit releases both its Manufacturing and Services
Purchasing Managers' indexes for March. Economists forecast a 58.8
reading for the Manufacturing PMI and a 59.8 reading for the
Services PMI, both similar to the February data. Last month, the
composite reading for both PMIs hit a six-year high.
Thursday 3/25
Honeywell International hosts a webcast to discuss its
sustainability initiatives.
Huntington Bancshares and TCF Financial hold special shareholder
meetings to seek approval for their $6 billion merger, first
announced in December. The combined company would be one of the 10
largest regional banks in the U.S.
Friday 3/26
The Bureau of Economic Analysis reports personal income and
spending data for February. Income is projected to decline 7.5%
month over month, compared with a 10% jump in January. Spending is
expected to be flat, after increasing 2.4% previously. The Personal
Consumption Expenditures Price Index, the Federal Reserve's favored
inflation gauge, is seen rising 1.5% year over year, matching the
January data.
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(END) Dow Jones Newswires
March 19, 2021 21:45 ET (01:45 GMT)
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