Today's economic calendar includes potentially market-moving
data from Europe and the United States.
The Eurozone will report industrial production early in the
morning, which could affect sentiment before the opening bell. Most
industrial data from around the world has been strong of late.
The Labor Department follows with initial jobless claims at 8:30
a.m. ET. Economists predict that 327,000 Americans sought jobless
benefits for the first time last week, up from 323,000 in the
previous period. Lower readings are generally considered bullish
for jobless claims.
Grocery chain Kroger and yoga-wear retailer Lululemon Athletica
also report earnings before the opening bell.
Friday is active as well, with U.S. retail sales and consumer
sentiment on the agenda.
Next week includes several regional Federal Reserve indexes,
starting with the New York Fed's Empire index on Monday and
Philadelphia's gauge on Thursday. Both are good forward-looking
indicators for the economy but seldom move markets on their own.
Tuesday brings Germany's Zew survey of economic sentiment and U.S.
consumer prices in the morning, plus Adobe Systems' earnings in the
Wednesday is the busiest session, with housing starts and the Fed's
monetary-policy announcement. FedEx and General Mills issue results
in the morning, while Oracle follows after the closing bell.
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