A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead
Monday June 23
Japan and Euro zone PMI
(9:45 a.m. ET) U.S. S&P global manufacturing and servies PMI for June.
(10 a.m. ET) U.S. existing home sales for May. The Street expects an annualized rate decline of 1.0 per cent.
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Tuesday June 24
Germany business climate
(8:30 a.m. ET) Canadian CPI for May. The Street expects a rise of 0.5 per cent from April and a year-over-year gain of 1.7 per cent.
(8:30 a.m. ET) Canadian manufacturing sales for May.
(8:30 a.m. ET) U.S. current account deficit for Q1.
(9 a.m. ET) U.S. S&P CoreLogic Case-Shiller Home Price Index (20 city) for April. Estimates are increases of 0.1 per cent from March and 4.0 per cent year-over-year.
(9 a.m. ET) U.S. FHFA House Price Index for April. Estimate is a rise of 0.1 per cent from March and 3.5 per cent year-over-year.
(10 a.m. ET) U.S. Conference Board Consumer Confidence Index for June.
(10 a.m. ET) U.S. Fed Chair Jerome Powell testifies on the semi-annual monetary policy report to the House Financial Services Committee.
Also: NATO summit in the Hague, Netherlands through Wednesday
Earnings include: BlackBerry Ltd.; Carnival Corp.; FedEx Corp.
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Wednesday June 25
Japan machine tool orders
(10 a.m. ET) U.S. new home sales for May. Consensus is an annualized rate decline of 6.9 per cent.
(10 a.m. ET) U.S. Fed Chair Jerome Powell testifies on the semi-annual monetary policy report to the Senate Banking Committee.
Earnings include: AGF Management Ltd.; Alimentation Couche-Tard Inc.; Evertz Technologies Ltd.; General Mills Inc.; Micron Technology Inc.; Novagold Resources Ltd.; Paychex Inc.
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Thursday June 26
Germany consumer confidence
(8:30 a.m. ET) Canada’s payroll survey for April.
(8:30 a.m. ET) Canadian wholesale trade for May.
(8:30 a.m. ET) U.S. initial jobless claims for week of June 21. Estimate is 248,000, up 3,000 from the previous week.
(8:30 a.m. ET) U.S. real GDP. Consensus is an annualized rate decline of 0.2 per cent.
(8:30 a.m. ET) U.S. goods trade deficit for May.
(8:30 a.m. ET) U.S. wholesale and retail inventories for May.
(8:30 a.m. ET) U.S. durable orders for May. The Street expects a month-over-month rise of 7.5 per cent with core orders sliding 0.5 per cent.
(10 a.m. ET) U.S. pending home sales for May. Estimate is a month-over-month drop of 0.5 per cent.
Earnings include: Nike Inc.; Walgreens Boots Alliance Inc.
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Friday June 27
China industrial profits and current account surplus.
Japan jobless rate and retail sales.
Euro zone consumer and economic confidence.
Germany retail sales.
(8:30 a.m. ET) Canada’s monthly GDP for April. Consensus is a flat reading month-over-month.
(8:30 a.m. ET) U.S. personal spending and income for May. The Street expects month-over-month gains of 0.2 per cent and 0.3 per cent, respectively.
(8:30 a.m. ET) U.S. core PCE price index for May. Consensus is a rise of 0.1 per cent from April and up 2.6 per cent year-over-year.
(10 a.m. ET) U.S. University of Michigan Consumer Sentiment Index for June.