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Retail sales, jobless claims on tap

Today is the busiest session of the week for economic reports, with several events in the United States and abroad.

European industrial production numbers get the ball rolling early.

Two big domestic headlines are scheduled for 8:30 a.m. ET: Retail sales for May and weekly jobless claims. Economists expect sales to increase 0.7 percent overall and 0.4 percent excluding automobiles. In the previous month, they rose 0.1 percent overall and were unchanged excluding autos.

Claims are forecast to be 315,000, up slightly from the previous week's 312,000 reading.

Export and import prices come out at the same time but are unlikely to sway sentiment and aren't tracked by economists.

Natural-gas inventories are the last item at 10:30 a.m. ET and could affect sentiment toward energy companies.

The most noteworthy earnings reports come from Lululemon Athletica in the morning and Finisar after the closing bell.

In addition to those financial reports, emerging markets and Brazilian stocks will likely be in focus as the World Cup gets underway.

Tomorrow begins with Chinese retail sales and industrial production shortly after midnight. Producer prices and the University of Michigan's consumer-sentiment index follow later in the morning.

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.

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