Existing home sales data and a speech from Fed Chairman Ben Bernanke will hold the spotlight on Friday.
Sales of existing homes probably rose to their highest level in 10 months in July, according to a Reuters poll, as buyers rushed to take advantage of a tax credit for first-time homeowners.
Policy-makers from around the world are in Jackson Hole, Wyoming for the Kansas City Federal Reserve’s yearly conference. Fed Chairman Ben Bernanke takes the podium at 10:00 a.m. EDT to share his thoughts on how sustainable the recent economic recovery is.
GM’s board of directors is expected to address the sale of Opel and aims to recommend one of two competing bids for the German unit.