Producer prices, sentiment on tap


Shutterstock photo

Producer prices and consumer sentiment are the main items on today's agenda.

The Bureau of Labor Statistics will report producer prices for May at 8:30 a.m. ET. Economists forecast an increase of 0.2 percent overall and 0.1 percent excluding food and energy. They rose 0.6 percent and 0.5 percent, respectively, the previous month.

The University of Michigan's consumer-sentiment index follows at 9:55 a.m. ET and is expected to come in at 82.9, compared with 81.9 in May.

In addition to those numbers, Chinese retail sales and industrial production are announced in the preceding overnight session, along with Japanese monetary policy.

Next week brings a wide range of economic news, including a Federal Reserve meeting on Wednesday.

Russian interest rates and European inflation get the ball rolling Monday morning. The New York Fed releases its Empire Manufacturing index, the national Fed releases industrial production and NAHB publishes its homebuilder sentiment gauge.

Tuesday gets rolling early with Germany's Zew survey of economic sentiment. Housing starts, building permits and consumer prices follow in the United States and Chinese home prices come out in the evening. Yingli Green Energy reports earnings before the opening bell, followed in the afternoon by Adobe Systems and La-Z-Boy.

Wednesday features weekly mortgage data and crude-oil inventories in addition to the Fed's monetary announcement in the afternoon. FedEx issues results in the morning. Jabil Circuit, and Red Hat report in the afternoon.

Thursday brings initial jobless claims, the Philadelphia Fed's regional index and natural-gas data. Kroger, BlackBerry, Pier 1, and Rite-Aid are scheduled for the premarket, while Oracle, Smith & Wesson, and Tibco Software report after the close.

The week concludes with consumer confidence Friday morning, along with results from CarMax and Darden Restaurants.

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

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.

This article appears in: Investing , Options

More from optionMONSTER




Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by