The Week Ahead For May 16th-20th
Geopolitical and Fiscal Events. Monday sees Federal Reserve Minneapolis President Neel Kashkari speak at 7:00 p.m. EDT. Tuesday sees Federal Reserve San Francisco President John Williams speak at 12:00 p.m. EDT as does Atlanta President Dennis Lockhart with Politico’s Ben White while Dallas President Rob Kaplan speaks at 1:15 p.m. EDT.
Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and CPI, Housing Starts, Industrial Production, Philadelphia Fed Manufacturing, Leading Indicator and Existing Home Sales.
Earnings Releases. Notable releases include A QUNR HD TJX CSCO LOW WMT ROST DE CPB .
Monday, May 16
April Empire Manufacturing is due out at 8:30 a.m. EDT and is expected to fall to 6.2 from 9.6.
April N.A.H.B. Housing Index is due out at 8:30 a.m. EDT and is expected to rise to 59 from 58.
Tuesday, May 17
April Housing Starts are released at 8:30 a.m. EDT and are expected to rise to 0.4% from 0.1%.
April Industrial Production is released at 9:15 a.m. EDT and is expected to rise to 0.3% from -0.6%.
Presidential Primaries are held in Oregon and Kentucky.
Wednesday, May 18
The latest Federal Reserve Open Market Committee (FOMC) meeting minutes are released for the April 26-27 meeting.
Thursday, May 19
May Philadelphia Fed Manufacturing is released and is expected to rise to 1.6 from a drop of -1.6.
April Leading Indicators are released at 10:00 a.m. EDT and expected to rise to 0.4% from 0.2%.
Friday, May 20
April Existing Home Sales are due out at 10:00 a.m. EDT and are expected to rise to 5.38 million from 5.33 million.