Markets

Empire index kicks off active week

This week's agenda features a variety of noteworthy events, though no single item stands out as the most important. Several retailers will issue results.

Today brings the New York Federal Reserve's Empire Manufacturing Index at 8:30 a.m. ET and the national Fed's report on industrial production and capacity utilization 45 minutes later. The Empire index is expected to have a reading of 12, up from 6.2 in the previous month. Economists estimate that industrial production grew 0.2 percent in October versus September's 1 percent gain. Utilization is expected to remain at 79.3 percent.

The earnings lineup features Tyson Foods before the opening bell, then Agilent Technologies and Urban Outfitters in the afternoon.

Tomorrow's agenda gets started early with Germany's Zew index of investor confidence. Data on this side of the Atlantic include producer prices and NAHB's homebuilder-sentiment index. Home Depot, TJX, Dick's Sporting Goods, and Medtronic announce quarterly results before the opening bell, followed in the afternoon by PetSmart and Vipshop. Monetary policy comes from the Bank of Japan in the evening.

Wednesday big items are housing starts, building permits, mortgage applications, and minutes from the Fed's last meeting. Lowe's, Staples, and Target report earnings in the pre-market. Salesforce.com, Keurig Green Mountain, and L Brands are scheduled for the afternoon.

Preliminary manufacturing indexes for China and Europe follow in overnight session. Initial jobless claims, existing home sales, consumer prices and the Philadelphia Fed's regional activity index follow during the day on Thursday. Best Buy and Dollar Tree announce in the morning, followed after the closing bell by Gap, Autodesk, and GameStop.

Friday's only items are results from Footlocker and ANN.

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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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