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Economic Events for the week of July 20th
July 20th, 2009 12:52 AM

1)Monday.
June's Leading Economic Indicators (LEI) at 10:00 AM.
It is expected to show a 0.5% increase, meaning that
we may see noticeable increase in economic activity
over the next few months. A decline in the index would
be good news for the bond and mortgage markets.

2)Tuesday & Wednesday.
Bernanke will speak before the House Financial Services
Committee Tuesday morning and the Senate Banking Committee
Wednesday morning at 10:00am ET.

3)Friday.
Final revision to July's  University of Michigan Index
of Consumer Sentiment. Unless we see a drastic revision
to the preliminary estimate, the markets will probably
shrug this news off.


Posted in:General
Posted by Eric Fang on July 20th, 2009 12:52 AMPost a Comment

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