U.S. Economic Calendar Event Update – Jun 28

These are the U.S. economic calendar events for Friday, June 28, 2013. All times are EST.

Chicago PMI for Jun are scheduled to be released at 9:45 AM. Analysts are estimating a result of 55.5. The prior period for Chicago PMI had a result of 58.7. This event has a major effect on US markets.

Michigan Sentiment for Jun are scheduled to be released at 9:55 AM. Analysts are estimating a result of 82.7. The prior period for Michigan Sentiment had a result of 82.7. This event has a low 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.

Chicago PMI: The ISM-Chicago Business Survey, a regional view of the national economy, is a time-tested, market-moving report. The Chicago Business Barometer, summarizing current business activity, also is known as Chicago Purchasing Manager Index or Chicago PMI. The Barometer is considered to be a leading indicator of the USA economy.

Michigan Sentiment: The University of Michigan Consumer Sentiment Index Thomson Reuters/University of Michigan Surveys of Consumers is a consumer confidence index published monthly by the University of Michigan and Thomson Reuters. The index is normalized to have a value of 100 in December 1964. At least 500 telephone interviews are conducted each month of a continental United States sample (Alaska and Hawaii are excluded). Five core questions are asked.[1] The consumer confidence measures were devised in the late 1940s by Professor George Katona at the University of Michigan. They have now developed into an ongoing, nationally representative survey based on telephonic household interviews. The Index of Consumer Sentiment (ICS) is developed from these interviews. The Index of Consumer Expectations (a sub-index of ICS) is included in the Leading Indicator Composite Index published by the U.S. Department of Commerce, Bureau of Economic Analysis.

Alex Fredricks

Alex Fredricks

Alex Fredricks has a degree in business and is an avid day-trader. Alex's experience and love for the game of the markets is shown not only in his posts, but the post he helps edit for other authors on our staff.