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Housing, consumer data on docket

Housing data and consumer sentiment are the main items on today's calendar.

Housing starts and building permits for April are both due at 8:30 a.m. ET. Economists forecast housing starts to increase to 975,000 from 946,000 the previous month. Permits are expected to rise to 1.01 million from 990,000. Both numbers are reported on an annualized basis.

The University of Michigan's consumer-sentiment index follows at 9:55 a.m. ET, and is forecast to increase to 84.5 from 84.1 in April.

Next week's agenda is relatively quiet, with retail earnings the main theme. Chinese home-price data comes out over the weekend, but there are no major events on Monday.

Tuesday morning brings earnings from Home Depot, Medtronic, and Staples. Analog Devices, Salesforces.com, and Intuit report after the closing bell. The Bank of Japan announces monetary policy late in the evening.

Wednesday's main item is the release of minutes from the last Federal Reserve meeting in the afternoon. Lowe's, Target, American Eagle, Tiffany, and L Brands are also on the docket.

Thursday features preliminary European manufacturing data from HSBC/Markit and initial jobless claims. Hewlett-Packard, Best Buy, Sears, Gap, and GameStop announce results.

The week concludes with new-home sales Friday morning.

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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