US DATA: (4 of 4) The S&P/Case-Shiller Home Price Index for March on
Tuesday will offer further evidence of softness in home values due to
the unfavorable conditions in the housing market in spite of low
mortgage rates. The presence of a large inventory of distressed
properties has kept valuation of homes from rising. Data on construction
for March on Wednesday will be consistent with that already available
for private residential construction, and provide some new information
for public construction, and for home renovation activity. The presence
of the Memorial Day holiday on Monday will push back the release of the
weekly measures of retail activity from Tuesday to Wednesday. Sales of
domestically produced motor vehicles in May will be released as
available on Wednesday, and retail same-store sales comparisons for
fiscal May will be out on Thursday.