U.S. Stocks Move Higher, Dollar Up; The Week Ahead

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U.S. stocks are moving higher in early trading on Monday and the dollar is up against the euro despite the Fed’s decision last week to hold off on raising rates.

U.S. existing home sales for August are due at 10:00 a.m. Economists from briefing.com are forecasting an increase of 5.45 million in August versus 5.59 million in the previous month.

Economic data is light this week.

Tomorrow the FHFA Housing Price Index is due for July.

On Wednesday the MBA Mortgage Index will be released along with crude inventories.

On Thursday initial and continuing jobless claims will be reported besides durable orders (August), New Home Sales (August), and Natural Gas Inventories.

On Friday the third estimate for 2nd quarter GDP and the Michigan sentiment for September is reported.

Greece

In Greece Alex Tsipras and his left wing Syriza party secured a victory on Sunday which means he will continue to be prime minister.

-Johnathan Schweitzer

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