The Week Ahead As Summer Trading Get's Started
1. Geopolitical Events. On Monday ECB Head Mario Draghi speaks. Also, on Monday Russian President Putin visits France to meet with its new leader. On Tuesday Federal Reserve San Francisco President John Williams speaks. On Wednesday the Federal Reserve releases its latest Beige Book. Also on Wednesday Federal Reserve Dallas President Robert Kaplan speaks. On Thursday Federal Reserve Governor Jerome Powell speaks to the Economic Club of New York. On Friday Federal Reserve Philadelphia President Patrick Harker speaks about the economic outlook.
2. Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications, jobless claims and personal income, consumer confidence, construction spending, ISM Manufacturing PMI, nonfarm payrolls and the unemployment rate.
3. Earnings Releases. Notable releases include BNS PRGO AMWD HPE ADI AVGO VMW HOV GOOS.
Monday, May 29:
European Central Bank (ECB) Head Mario Draghi speaks to the European Parliament.
Russian President Vladimir Putin meets with French President Emmanuel Macron.
Tuesday, May 30:
April Personal Income is due out and is expected to rise to 0.4% from 0.2%
May Consumer Confidence is due out at 10:00 a.m. EDT and is expected to fall to 119.50 from 120.30.
Red Robin Gourmet Burger (RRGB) holds its analyst meeting and is a Type 1 Short Squeeze.
Wednesday, May 31:
Chicago PMI is due out at 9:45 a.m. EDT and is expected to fall to 57.9 from 58.30.
Markets are closed in Israel.
Thursday, June 1:
April Construction Spending is due out at 10:00 a.m. EDT and is expected to rise to 0.5% from -0.2%.
May ISM Manufacturing PMI is due out at 10:00 a.m. EDT and is expected to fall to 54.6 from 54.8.
Challenger, Gray & Christmas May Job Cut Survey is released at 7:30 a.m. EDT.
May ADP Payroll Survey is released at 8:15 a.m. EDT.
Friday, June 2:
May Nonfarm Payrolls are due out at 8:30 a.m. EDT and are expected to fall to 175,000 from 211,000. The unemployment rate is expected to remain at 4.4%.