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The Week Ahead

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The Week Ahead


Monday, Aug. 30, 10 a.m. EDT -- New homes likely sold at an annual rate of 910,000 in July, says the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies. In June, 929,000 homes were sold. Higher mortgage rates suggest the robust housing sector may be peaking.CONSUMER CONFIDENCE

Tuesday, Aug. 31, 10 a.m. EDT -- The Conference Board's index of consumer confidence probably dipped to 134.9 in August from 135.6 in July. Household optimism remains historically quite high.NAPM SURVEY

Wednesday, Sept. 1, 10 a.m. EDT -- The National Association of Purchasing Management's business index likely rose to 54.5% in August, from 53.4% in July. A reading above 50% indicates that the factory sector is expanding.CONSTRUCTION SPENDING

Wednesday, Sept. 1, 10 a.m. EDT -- Outlays for building projects probably increased 0.3% in July, says the S&P MMS survey, after rising 0.5% in June.LEADING INDICATORS

Wednesday, Sept. 1, 10 a.m. EDT -- The Conference Board's composite index of leading indicators probably edged up 0.2% in July, on top of a 0.3% gain in June.EMPLOYMENT

Friday, Sept. 3, 8:30 a.m. EDT -- The S&P MMS median forecast expects that nonfarm payrolls increased 218,000 in August, after a larger-than-expected 310,000 jobs were added in July. The unemployment rate is expected to remain at July's tight 4.3%.

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