Economic agenda: Wednesday, Aug. 25, 2010
At 8:30 a.m. -- The Commerce Department releases data on orders for durable goods in July. Economists surveyed by Bloomberg expect an increase of 3 percent from June.
At 10 a.m. -- The Commerce department releases data on sales of new homes in July. Economists are predicting that sales will remain flat at an annualized rate of 330,000.
At 10 a.m. -- The Federal Housing Finance Agency, which regulates mortgage giants Fannie Mae and Freddie Mac, releases its home price index for June and for the second quarter. Economists are expecting a 01. percent rise in home prices from May to June, but a decline of 0.4 percent from the first quarter to the second.
At 10 a.m. -- The Securities and Exchange Commission meets to discuss proposed changes to rules governing the proxy nomination process at publicly traded companies.
August 25, 2010; 5:29 AM ET
Categories: *Morning briefing
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