Producer prices and consumer sentiment are the main items on
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 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.
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