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Economic data is heavy this week

This week has a heavy lineup of events: industrial numbers, central-bank news, and unemployment reports.

HSBC/Markit's purchasing managers indexes for Europe get the ball rolling early today, followed by the Institute for Supply Management's index at 10 a.m. ET. Economists expect a reading of 55.6, up from April's 54.9. Conn's reports earnings before the opening bell, and Quicksilver announces in the afternoon.

Tomorrow brings central-bank news from Australia and India, along with European inflation and employment data. The European numbers could affect expectations for the region's monetary policy on Thursday. The only U.S. data release is factory orders, and Chinese manufacturing numbers come out in the evening.

Dollar General reports earnings in the morning, followed by FuelCell Energy and Ascena Retail after the closing bell.

ADP's private-sector payrolls report is the main item on Wednesday. ISM's service-sector data and the Federal Reserve's Beige Book economic survey will be published as well.

The European Central Bank's policy announcement dominates Thursday's reports, with economists predicting an asset-purchase program to stimulate economic activity. Jobless claims and retailer same-store sales come out in the United States.

The week concludes with the U.S. Labor Department's pivotal non-farm payrolls report.

In addition to those economic headlines, pharmaceutical companies will likely be in focus today and tomorrow as the America Society for Clinical Oncologists complete their annual meeting. Apple's Worldwide Developer Conference runs all week, which could also affect trading in the technology sector.

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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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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