The Week Ahead: It's All About Earnings
1. Geopolitical and Fiscal Events. Thursday sees the BOJ and ECB announce their latest interest rate decisions. ECB Head Mario Draghi holds a press conference.
2. Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications, jobless claims and Empire Manufacturing, NAHB Housing Market Index, Housing Starts, Philadelphia Fed Survey and Leading Indicators.
3. Earnings Releases. Notable releases include BLK NFLX JNJ BAC USB MS MSFT V GE HON.
Monday, July 17
July Empire Manufacturing is due out at 8:30 a.m. EDT and is expected to fall to 13 from 19.8.
Tuesday, July 18
July NAHB Housing Market Index is due out at 10:00 a.m. EDT and is expected to remain at 67.
Wednesday, July 19
June Housing Starts are due out at 8:30 a.m. EDT and are expected to rise to 1,160,000 from 1,092,000.
Thursday, July 20
July Philadelphia Fed Survey is due out at 8:300 a.m. EDT and is expected to fall to 22 from 27.6.
June Leading Indicators are due out at 10:00 a.m. EDT and are expected to rise to 0.4% from 0.3%.
At 1:00 a.m. EDT, the Bank of Japan (BOJ) is out with its latest interest rate decision.
The European Central Bank (ECB) is out with its latest interest rate decision at 7:45 a.m. EDT and press conference with ECB Head Mario Draghi at 8:30 p.m. EDT.
Friday, July 21
No events of note.