A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead
Monday May 25
U.K. markets closed (Spring Bank Holiday)
U.S. markets closed (Memorial Day)
(8:30 a.m. ET) Canadian wholesale trade for April.
(8:30 a.m. ET) Canada’s construction investment for March
Tuesday May 26
Japan’s machine tool orders
(8:15 a.m. ET) U.S. ADP National Employment Report estimate for May 9.
(9 a.m. ET) U.S. S&P Cotality Case-Shiller Home Price Index for March. The Street is projecting a rise of 0.1 per cent from March and 1.2 per cent year-over-year.
(9 a.m. ET) U.S. FHFA House Price Index for March. The consensus estimates are an increase of 0.1 per cent from March and 1.8 per cent year-over-year.
(10 a.m. ET) U.S. Conference Board Consumer Confidence Index for May.
Earnings include: Elbit Systems Ltd.; Zscaler Inc.
Wednesday May 27
China’s industrial profits
Earnings include: Bank of Montreal; Bank of Nova Scotia; Best Buy Co. Inc.; Champion Iron Ltd.; EQB Inc.; HP Inc.; Marvell Technology Inc.; National Bank of Canada; Salesforce Inc.; Snowflake Inc.
Thursday May 28
Euro zone consumer and economic confidence
ECB minutes from April monetary policy meeting are released
(6 a.m. ET) U.S. Conference Board CEO Confidence Index for Q1.
(8:30 a.m. ET) Canada’s current account balance for Q1.
(8:30 a.m. ET) Canada’s Survey of Employment, Payrolls and Hours for March.
(8:30 a.m. ET) U.S. initial jobless claims for week of May 23. Estimate is 213,000, up 4,000 from the previous week.
(8:30 a.m. ET) U.S. Real GDP for Q1. Consensus is a 2.1-per-cent annualized increase.
(8:30 a.m. ET) U.S. PCE Price Index for April. Consensus is a year-over-year rise of 3.9 per cent.
(8:30 a.m. ET) U.S. personal income and consumption for April. The Street is expecting month-over-month increases of 0.4 per cent for both.
(8:30 a.m. ET) U.S. durable and core goods orders for April. The consensus projections are increases of 3.2 per cent and 0.5 per cent from March, respectively.
(10 a.m. ET) Bank of Canada’s Financial Stability Report with press conference to follow.
(10 a.m. ET) U.S. new home sales for April.
Earnings include: Autodesk Inc.; BRP Inc.; Dell Technologies Inc.; Dollar Tree Inc.; Canadian Imperial Bank of Commerce; Lululemon Athletica Inc.; Royal Bank of Canada; Toronto-Dominion Bank
Friday May 29
Japan’s CPI, jobless rate, consumer confidence, retail sales and industrial production
Germany’s CPI and unemployment
(8:30 a.m. ET) Canada’s Real GDP for Q1. The Street is anticipating a gain of 1.4 per cent from Q4.
(8:30 a.m. ET) Canada’s monthly real GDP for March. Consensus is a 0.1-per-cent increase from February
(8:30 a.m. ET) U.S. wholesale and retail inventories for April.
(8:30 a.m. ET) U.S. goods trade deficit for April.
Earnings include: Laurentian Bank of Canada