Chicago PMI, earnings on tap


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Today's calendar includes a handful of minor economic reports and several earnings announcements.

Personal income and personal spending for December will be released at 8:30 a.m. ET. Both are expected to increase 0.2 percent but are also unlikely to affect market sentiment.

The Chicago purchasing managers index follows at 9:45 a.m. ET. Economists forecast a reading of 58, down from 60.8 in January. The final revision of consumer sentiment follows 10 minutes later but is also relatively unimportant because it's based on previously released data.

MasterCard, Tyson Foods, Chevron, Tyco, Mattel, and Paccar are among the big companies reporting results.

China's purchasing managers index will also be released tonight, the prelude to several important global reports next week. The data begins early Monday morning with European manufacturing numbers, followed on this side of the Atlantic by the Institute for Supply Management's monthly index. Sysco, Anadarko Petroleum, Yum Brands, and Hartford Financial report earnings.

Tuesday brings factory orders, plus quarterly results from companies such as International Paper, Archer Daniels Midland, and Michael Kors.

The employment numbers start Wednesday with ADP's monthly private-sector payrolls report and non-manufacturing indexes for Europe and the United States. Merck, Disney, Allergan, Cognizant Technology, Prudential Financial, and Akamai Technologies release earnings numbers.

Thursday features same-store sales reports, initial jobless claims, and the European Central Bank's interest-rate announcement. General Motors, Philip Morris, and Expedia are some of the big earnings announcements.

The week concludes with January's non-farm payroll report on Friday morning.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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