The Week Ahead June 25th-29th EU Meeting Leads The Action
The Russell 2000 was higher for the week while the S&P 100, NASDAQ 100 and Dow Jones Industrial Average were lower for the week.
1. Geopolitical and Fiscal Events. Thursday sees EU leaders meet in Brussels.
2. Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well new home sales, consumer confidence, durable goods, GDP Q1 final, personal spending, University of Michigan Sentiment and Chicago PMI.
3.Earnings Releases. Notable releases next week include CCL INFO LEN FDS GIS PAYX NKE AON WBA STZ.
Monday, June 25
May New Home Sales are due out at 10:00 a.m. EDT and are expected to rise to 666,000 from 662,000.
Tuesday, June 26
June Consumer Confidence is due out at 10:00 a.m. EDT and is expected to rise to 128.2 from 128.
The latest short interest for the NYSE and NASDAQ through June 15th settlement date is due out after the close
Wednesday, June 27
May Durable Goods are out at 8:30 a.m. EDT and are expected to weaken to -1.0% from -1.7%.
Thursday, June 28 Q1 GDP Final is due out at 8:30 a.m. EDT and is expected to remain at 2.2%
European Union (EU) leaders meet in Brussels for a two day meeting.
The Federal Reserve Stress Test (Part II) is released after the close.
Friday, June 29
May Personal Income is due out at 8:30 a.m. EDT and is expected to rise to 0.4% from 0.3%.
June Chicago PMI is due out at 9:45 a.m. EDT and is expected to drop to 61 from 62.7
June University of Michigan Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 99 from 99.3.