US Home Price Index Likely To Decline By This Much in August, Here Are The Major Macro Issues For Tuesday

U.S. stocks closed higher on Monday with the Nasdaq Composite jumping more than 90 points amid gains in Microsoft Corporation (NASDAQ: MSFT) and Apple Inc (NASDAQ: AAPL) shares.

Let’s have a look at the major economic events scheduled for today.

• The S&P Corelogic Case-Shiller home price index for August is scheduled for release at 9:00 a.m. ET. Analysts expect see the monthly rate declining 0.8% in August following a 0.4% drop in July.
• The FHFA house price index for August will be released at 9:00 a.m. ET. The house price index is projected to decline 0.7% in August after dropping 0.6% in the previous month.
• The Conference Board's consumer confidence index for October is scheduled for release at 10:00 a.m. ET. The consumer confidence index is estimated to drop 2.0 points to 106.0 in October.
• The Richmond Fed's manufacturing index for October will be released at 10:00 a.m. ET. The index is expected to decline to minus 3 in October from prior reading of zero.
• The Treasury is set to auction 2-year notes at 1:00 p.m. ET.
• Data on money supply for September will be released at 1:00 p.m. ET.

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