A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead
Monday May 18
Canadian markets closed
China retail sales, industrial production and fixed asset investment
(10 a.m. ET) U.S. NAHB Housing Market Index for May.
Also: G7 finance ministers’ meeting in Paris (through Tuesday)
Earnings include: Baidu Inc.; Seabridge Gold Inc.
Tuesday May 19
Japan’s real GDP and industrial production
Euro zone trade surplus
(8:30 a.m. ET) Canadian CPI for April. The Street is projecting a month-over-month rise of 0.6 per cent and year-over-year increase of 3.1 per cent.
(8:30 a.m. ET) Canada’s building permits for March. Estimate is a rise of 5.0 per cent from February.
(8:30 a.m. ET) Canada’s new housing price index for April. Estimate is a decline of 0.2 per cent from March and down 2.1 per cent year-over-year.
(10 a.m. ET) U.S. pending home sales for April. Consensus is a rise of 1.7 per cent from March.
Earnings include: Home Depot Inc.
Wednesday May 20
Euro zone’s CPI
(8:30 a.m. ET) Canada’s household and mortgage credit for March.
(2 p.m. ET) U.S. Fed minutes from April 28-29 meetings are released.
Earnings include: Analog Devices Inc.; Intuit Inc.; Lowe’s Companies Inc.; Nvidia Corp.; Target Corp.; TJX Companies Inc.
Thursday May 21
Japan’s trade deficit, core machine orders and PMI
Euro zone PMI, consumer confidence and labour costs
(8:30 a.m. ET) U.S. initial jobless claims for week of May 16. Estimate is 210,000, up 1,000 from the previous week.
(8:30 a.m. ET) U.S. housing starts for April. The Street expects an annualized rate decline of 6.5 per cent.
(8:30 a.m. ET) U.S. building permits for April. Consensus is an annualized rate rise of 0.9 per cent.
(9:45 a.m. ET) U.S. S&P Global PMIs for May.
(10 a.m. ET) U.S. quarterly services for Q1.
Earnings include: CAE Inc.; Deere & Co.; Lightspeed Commerce Inc.; Silvercorp Metals Inc.; Take-Two Interactive Software Inc.; Walmart Inc.; Zoom Video Communications Inc.
Friday May 22
Japan’s CPI
Germany’s GDP, business climate and consumer confidence
(8:30 a.m. ET) Canadian retail sales for March. The Street expects a rise of 0.6 per cent.
(8:30 a.m. ET) Canada’s industrial product and raw materials price indexes. Estimates are month-over-month increases of 1.5 per cent and 5.0 per cent, respectively.
(10 a.m. ET) U.S. University of Michigan Consumer Sentiment Index for May.
(10 a.m. ET) U.S. leading indicator for April. Estimate is a decline of 0.3 per cent from March.
(10:30 a.m. ET) Bank of Canada’s Senior Loan Officer Survey for Q1.
Earnings include: Atex Resources Inc.