A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead.
Monday May 19
Canadian markets closed (Victoria Day)
China industrial production, retail sales and fixed asset investment
Euro zone CPI
(10 a.m. ET) U.S. leading indicator for April. The Street expects a decline of 0.9 per cent month-over-month.
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Tuesday May 20
Euro zone consumer confidence
(8:30 a.m. ET) Canadian CPI for April. The Street is forecasting a decline of 0.2 per cent from March and a rise of 1.6 per cent year-over-year.
(8:30 a.m. ET) Canada’s household and mortgage credit for March.
Earnings include: Home Depot Inc.; Palo Alto Networks Inc.
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Wednesday May 21
Japan trade balance
U.K. CPI
(8:30 a.m. ET) Canada’s new housing price index for April. Estimate are flat month-over-month and up 0.1 per cent year-over-year.
Earnings include: Best Buy Co. Inc.; Canada Goose Holdings Inc.; Lowe’s Companies Inc.; Macy’s Inc.; Medtronic PLC; Snowflake Inc.; Target Corp.; TJX Companies Inc.; Zoom Video Communications Inc.
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Thursday May 22
Japan and Euro zone manufacturing PMI
(8:30 a.m. ET) Canada’s industrial product and raw materials price indexes for April. Estimates are month-over-month declines of 0.5 per cent and 3.0 per cent, respectively.
(8:30 a.m. ET) U.S. initial jobless claims foe week of May 17. Estimate is 233,000, up 4,000 from the previous week.
(9:45 a.m. ET) U.S. S&P Global PMIs for May.
(10 a.m. ET) U.S. existing home sales for April. Consensus is an annualized rate rise of 2.7 per cent.
Earnings include: Analog Devices Inc.; Autodesk Inc.; Dollar Tree Inc.; Intuit Inc.; Lightspeed Commerce Inc.; Toronto-Dominion Bank
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Friday May 23
Japan CPI
(8:30 a.m. ET) Canadian retail sales for March. Estimate is a month-over-month gain of 0.7 per cent (or a decline of 0.5 per cent excluding automobiles)
(10 a.m. ET) U.S. new home sales for April. Consensus is an annualized rate decline of 4.7 per cent.