Retail sales and jobless claims are the main events on today's
Both releases are scheduled for 8:30 a.m. ET. Economists estimate
that retail sales climbed 0.3 percent in May, up from 0.1 percent
in April. Stronger readings could be bullish while weaker numbers
could hurt sentiment, especially toward consumer-discretionary
Initial jobless claims are expected to total 345,000 versus 346,000
in the previous week. A higher reading could be bearish because it
would mean that more Americans lost their jobs.
In addition to claims and retail sales, export and import prices
will be reported at the same time. Those numbers don't usually
affect market sentiment.
Tomorrow's agenda brings consumer sentiment, industrial production,
and the purchasing-price index.
Next week features the German Zew survey of financial-market
sentiment, housing starts, the Federal Reserve's interest-rate
decision, and regional Fed economic surveys.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.