Markets

Fed is this week's main headline

This week brings a wide range of economic news, culminating in the Federal Reserve's meeting on Wednesday.

Today's events include Russian interest rates and European inflation early. The first item on this side of the Atlantic is the New York Fed's Empire manufacturing index at 8:30 a.m. ET. Economists expect a reading of 12.8, down from May's blowout 19 number.

The national Fed releases industrial production and capacity utilization 45 minutes later. While interesting, they seldom affect trading. NAHB reports its homebuilder sentiment index at 10 a.m. ET. Economists estimate that it will inch up to 46 from 45 in the previous month.

Tomorrow brings housing starts, building permits, and consumer prices. Germany's Zew survey of economic sentiment also comes out early, and Chinese home prices follow in the evening. Yingli Green Energy announces quarterly results 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 reports earnings in the morning. Jabil Circuit and Red Hat are scheduled for the afternoon.

Thursday's agenda includes initial jobless claims, the Philadelphia Fed's regional index and natural-gas data. Kroger, BlackBerry, Pier 1, and Rite-Aid are scheduled to release earnings in the pre-market, 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.


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

In This Story

SPX

Other Topics

Options