7:00 AM MBA Mortgage Applications
The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.
8:30 AM PPI-Final Demand
The consensus sees PPI-FD up 0.3 percent on the month in August and up 3.3 percent on year after an ugly increase of 0.9 percent on month and 3.3 percent on year in July. The June figure reflected a tariff jolt, which should be more muted in August. Lower energy prices should help too.
10:00 AM Wholesale Inventories (Preliminary)
Wholesale trade measures the dollar value of sales made and inventories held by merchant wholesalers. It is a component of business sales and inventories.
Forecasters expect inventories unrevised from the flash at an increase of 0.2 percent.
10:30 AM EIA Petroleum Status Report
The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products.
1:00 PM 10-Yr Note Auction
The US Treasury Department will hold an auction for $39 billion of 10-year Notes.