These are the U.S. economic calendar events for Monday, January 28, 2013. All times are EST.
Durable Orders for Dec are scheduled to be released at 8:30 AM. Analysts are estimating a result of 1.6%. The prior period for Durable Orders had a result of 0.8%. This event has a major effect on US markets.
Durable Orders -ex Transportation for Dec are scheduled to be released at 8:30 AM. The prior period for Durable Orders -ex Transportation had a result of 1.6%. This event has a major effect on US markets.
Pending Home Sales for Dec are scheduled to be released at 10:00 AM. The prior period for Pending Home Sales had a result of 1.7%. This event has a moderate effect on US markets.
At the release of important events, US equity markets (INDEXSP:.INX) can make major moves. Be sure to keep an eye on S&P (NYSEARCA:SPY), Nasdaq (NYSEARCA:QQQ) and Dow Jones (NYSEARCA:DIA) at the time of announcements.
Here is some more information about the events discussion in this article.
Durable Orders: The durable orders release measures the dollar volume of orders, shipments, and unfilled orders of durable goods (defined as goods whose intended lifespan is three years or more). Orders are considered a leading indicator of manufacturing activity, and the market often moves on this report despite the volatility and large revisions that make it a less than perfect indicator. These problems can be minimized by looking at the breakdown of orders. The total number is often skewed by huge increases in aircraft and defense orders. An increase based solely on strength in one sector tends to be discounted, while the market is more impressed with broadbased increases in orders. Also notable in this report is the narrow category of nondefense capital goods. These goods mirror the GDP category producers' durable equipment (PDE) -- the largest component of business investment. Shipments of nondefense capital goods are a good proxy for PDE in the current quarter, while nondefense capital goods orders provide an indication of PDE growth in the quarters ahead.
Durable Orders -ex Transportation: Same as the Durable Orders report, except it excludes order relating to transportation.
Pending Home Sales: The Pending Home Sales released by the National Association of Realtors is a leading indicator of trends of the housing market in the US It captures residential housing contract activity of existing single-family homes.