Sunday, June 29, 2014

SHORT WEEK FOR MARKET



What with the Fourth of July holiday on tap, it's a short week coming up. Again, from Minyanville here's a good summary of the week that is.

Monday, June 30

US Economics (Time Zone: EST)

09:00 ISM Milwaukee, June, prior 63.49
09:45 Chicago Purchasing Manager Index, June, exp. 63, prior 65.5
10:00 Pending Home Sales MoM, May, exp. 1.3%, prior 0.4%
10:30 Dallas Fed, Jun, exp 9.0, prior 8.0
11:00 Fed to purchase $850m-$1.1b bonds in 22-30 year range
11:30 Treasury to sell $25b 3-month bills and $23b 6-month bills
3:00 New York Fed to issue QE schedule for July

Fedspeak:

1:10pm Williams to speak in Sun Valley, Idaho

Global Economics (Time Zone: GMT)

01:00 AUD HIA New Home Sales (MAY)
01:00 NZD NBNZ Business Confidence (JUN)
06:00 JPY Housing Starts (MAY)
06:00 JPY Construction Orders (MAY)
08:30 GBP Mortgage Approvals (MAY)
09:00 EUR Euro-Zone CPI Estimate (JUN)
12:30 CAD GDP (APR)

Earnings

No major reports scheduled

Tuesday, July 1

US Economics (Time Zone: EST)

09:45 US Manufacturing PMI, June F, exp. 57.6, prior 57.5
10:00 ISM Manufacturing, June, exp. 55.8, prior 55.4
10:00 Construction Spending MoM, May, exp. 0.5%, prior 0.2%
5:00 Vehicle Sales, June, exp 16.30M, prior 16.70M
11:00 Treasury to sell 4-week bills

Global Economics (Time Zone: GMT)

JPY Tankan Manufacturing Index (2Q)
01:00 CNY Manufacturing PMI (JUN)
01:35 JPY Manufacturing PMI (JUN F)
01:45 CNY HSBC China Manufacturing PMI (JUN F)
04:30 AUD Reserve Bank of Australia Rate Decision
07:45 EUR Italy Manufacturing PMI (JUN)
07:50 EUR France Manufacturing PMI (JUN F)
07:55 EUR Germany Manufacturing PMI (JUN F)
07:55 EUR Germany Unemployment Rate (JUN)
08:00 EUR Italy Unemployment Rate (MAY P)
08:00 EUR Euro-Zone Manufacturing PMI (JUN F)
08:30 GBP UK PMI Manufacturing (JUN)
09:00 EUR Euro-Zone Unemployment Rate (MAY)

Earnings

No major earnings

Wednesday, July 2

US Economics (Time Zone: EST)

08:15 ADP Employment Change, June, exp. 205k, prior 179k
10:00 Factory Orders, May, exp. -0.3%, prior 0.7%

Fedspeak:

11:00am Yellen to speak in Washington

Global Economics (Time Zone: GMT)

01:30 AUD Trade Balance (MAY)
08:30 GBP Construction PMI (JUN)

Earnings

Before:
Constellation Brands (STZ)
Greenbrier (GBX)

Thursday, July 3

US Economics (Time Zone: EST)

Futures close at 1:00pm ET, equity trading at 1:15pm and cash trading of bonds at 2:00pm today

08:30 Trade Balance, May, exp. -$45b, prior -$47.2b
08:30 Change in Nonfarm Payrolls, June, exp. 210k, prior 217k
08:30 Initial Jobless Claims, June 28, exp. 312k, prior 312k
10:00 ISM Non-Manufacturing Composite, June, exp. 56.0, prior 56.3

Global Economics (Time Zone: GMT)

01:30 AUD Retail Sales (MAY)
01:30 AUD Building Approvals (MAY)
01:35 JPY Japan Services PMI (JUN)
01:45 CNY HSBC China Services PMI (JUN)
07:45 EUR Italy Services PMI (JUN)
07:50 EUR France Services PMI (JUN F)
07:55 EUR Germany Services PMI (JUN F)
08:00 EUR Euro-Zone Services PMI (JUN F)
08:30 GBP UK Services PMI (JUN)
09:00 EUR Euro-Zone Retail Sales (MAY)
11:45 EUR ECB Rate Decision

Earnings

No major reports scheduled

Friday, July 4

US Economics (Time Zone: EST)

US markets closed for holiday

Global Economics (Time Zone: GMT)

06:00 EUR Germany Factory Orders (MAY)
07:30 EUR Germany Construction PMI (JUN)
08:10 EUR Germany Retail PMI (JUN)
08:10 EUR Euro-Zone Retail PMI (JUN)
08:10 EUR France Retail PMI (JUN)
08:10 EUR Italy Retail PMI (JUN)

Earnings

No major reports

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