The WEEK Ahead June 4th-8th>
Monday, June 4
US Economics (Time Zone: EDT)
09:45 ISM New York – prior 61.2
10:00 Factory Orders – consensus 0.2%, prior -1.5%
11:00 Fed to purchase $1.5b-$2b notes in 25-30 year range
11:30 Treasury selling $30b 3-month bills, $27b 6-month bills
Global Economics (Time Zone: GMT)
08:30 EUR Euro-zone Sentix Investor Confidence
08:30 EUR Euro-zone PPI
12:00 France to sell bills
Earnings
Before:
Quanex (NX) EPS -8c, revs $201.85M
After:
Dollar General (DG) EPS 59c, revs $3.82B
Tuesday, June 5
US Economics (Time Zone: EDT)
10:00 ISM Non-manufacturing Composite – consensus 53.5, prior 53.5
11:00 Fed selling $8b-$8.75b notes in 2 year range
11:30 Treasury selling 4-week bills
Global Economics (Time Zone: GMT)
04:30 AUD Reserve Bank of Australia Rate Decision
08:00 EUR Euro-zone PMI
09:00 EUR Euro-zone Retail Sales
10:00 EUR German Factory Orders
13:00 CAD Bank of Canada Rate Decision
10:30 Germany to sell EU5b 5-year notes
Earnings
Before:
United Natural Foods (UNFI) EPS 56c, revs $1.35B
After:
Ulta Salon (ULTA) EPS 53c, revs $473.75M
Wednesday, June 6
US Economics (Time Zone: EDT)
07:00 MBA Mortgage Purchase Index
08:30 Nonfarm Productivity – consensus -0.7%, prior -1.3%
08:30 Unit Labor Costs – consensus 2.2%, prior -0.5%
2:00 Fed’s Beige Book
Global Economics (Time Zone: GMT)
01:30 AUD GDP
08:30 GBP PMI
09:00 EUR Euro-Zone GDP
11:45 EUR ECB Rate Decision
Earnings
Before:
No major earnings
After:
ABM Industries (ABM) EPS 30c, revs $1.09B
Men’s Wearhouse (MW) EPS 54c, revs $594.68M
Pep Boys (PBY) EPS 2c, revs $702.86M
Thursday, June 7
US Economics (Time Zone: EDT)
08:30 Initial Jobless Claims – consensus 380K, prior 383K
08:30 Continuing Claims – consensus 3238K, prior 3242K
3:00 Consumer Credit – consensus $10.30B, prior $21.35B
Global Economics (Time Zone: GMT)
01:30 AUD Employment Change
05:00 JPY Leading Index
05:45 CHF Unemployment Rate
07:15 CHF CPI
11:00 GBP BOE Asset Purchase Target
11:00 GBP BOE Rate Decision
23:50 JPY GDP
France and Spain selling bonds
Earnings
Before:
Anheuser-Busch Inbev (BUD) EPS 91c, revs $9.30B
J.M. Smucker (SJM) EPS 98c, revs $1.35B
Lululemon (LULU) EPS 30c, revs $272.95M
UTI Worlwide (UTIW) EPS 16c, revs $1.24B
After:
No major earnings
Friday, June 8
US Economics (Time Zone: EDT)
08:30 Trade Balance – consensus -$49.5B, prior -$51.8B
10:00 Wholesale Inventories – consensus 0.5%, prior 0.3%
Global Economics (Time Zone: GMT)
01:30 AUD Home Loans
06:00 EUR German Trade Balance
08:30 GBP BoE/GfK Inflation Next 12 Months
08:30 GBP PPI
12:15 CAD Housing Starts
12:30 CAD Unemployment Rate
CNY CPI
Earnings
Before
Piedmont (PNY) EPS 71c, revs $412.20M
Concentrate, and ASK the 8-Ball!
