WEEK UPCOMING

The oracles at Jackson Hole have spoken not leaving much for the entrails scavengers to feed on and so we move to next week, a busy one with durable goods orders for July on Tuesday, some home prices and other home sales data for June gets released, consumer confidence and what could turnout to be some interesting numbers from Germany. Earnings reports take a backseat this week going into the Labor Day weekend.


Monday, August 25

US Economics (Time Zone: EST)

10:00 New Home Sales (July) - expected 428K, prior 406K
10:30 Dallas Fed - exp 13.0, prior 12.7
11:30 Treasury to sell $29b 3-month bills and $25b 6-month bills

Global Economics (Time Zone: GMT)

08:00 EUR German IFO Current Assessment, Expectations

Earnings

After:
Prospect Capital (PSEC)

Tuesday, August 26

US Economics (Time Zone: EST)

08:30 Durable Goods Orders (July) - expected 7.6%, prior 0.7%
08:30 Durable Goods ex Transporation - exp 0.5%, prior 0.8%
08:30 Cap Goods Shipments Nondef Ex Air - exp 0.5%, prior -1.0%
08:30 Cap Goods Orders Nondef Ex Air - exp 0.2%, prior 1.4%
09:00 FHFA Home Price Index (June) - exp 0.3%, prior 0.4%
09:00 S&P/Case Shiller 20 City MoM (June) - exp -0.1%, prior -0.31%
09:00 S&P/CS YoY - exp 8.22%, prior 9.34%
10:00 Consumer Confidence Index (August) - exp 88.5, prior 90.9
10:00 Richmond Fed - exp 6, prior 7
11:00 Fed to purchase $2b-$2.5b notes in 11-19 year range
11:30 Treasury to sell 4-week bills
1:00 Treasuty to sell $29b 2-year notes

Global Economics (Time Zone: GMT)

NZD Trade Balance
02:00 CNY July Leading Economic Indexeda

Earnings

Before:
Best Buy (BBY)

After:
Bob Evans Farms (BOBE)
Sanderson Farms (SAFM)

Wednesday, August 27

US Economics (Time Zone: EST)

07:00 MBA Mortgage Apps
11:00 Fed to purchase $950m-$1.15b bonds in 22 to 30-year range
11:30 Treasury to sell $13b 2-year FRN (reopening)
1:00 Treasury selling $35b 5-year notes

Global Economics (Time Zone: GMT)

06:00 EUR German GfK Consumer Confidence

Earnings

Before:
Express (EXPR)
Michaels Co (MIK)

After:
Lannett (LCI)
Workday (WDAY)

Tiffany's (TIF)

Thursday, August 28

US Economics (Time Zone: EST)

08:30 Initial Jobless Claims - exp. 300k, prior 298k
08:30 Continuing Claims - exp 2500k, prior 2500k
08:30 GDP Annualized QoQ (2Q second estimate) - exp 3.9%, prior 4.0%
08;30 Personal Consumption - exp 2.4%, prior 2.5%
08:30 GDP Price Index - exp 2.0%, prior 2.0%
08:30 Core PCE QoQ - exp 2.0%, prior 2.0%
10:00 Pending Home Sales MoM (July) - exp 0.5%, prior -1.1%
11:00 Kansas City Fed - exp 9, prior 9
1:00 Treasury selling $29b 7-year notes

Global Economics (Time Zone: GMT)

Japan Investors Purchases of Foreign Stocks/Bonds
01:00 AUD New Home Sales
01:30 CNY Industrial Profits
07:55 EUR German Unemployment Change
12:00 EUR German Consumer Price Index (Aug prelim)
12:30 CAD Current Account Balance

Earnings

Before:
Abercrombie & Fitch (ANF)

After:
Omnvision (OVTI)
Splunk (SPLK)

Dollar General (DG)

Friday, August 29

US Economics (Time Zone: EST)

08:30 Personal Income (July) - expected 0.3%, prior 0.4%
08:30 Personal Spending - exp 0.1%, prior 0.4%
08:30 PCE Deflator MoM - exp 0.1%, prior 0.2%
08:30 PCE Deflator YoY - exp 1.6%, prior 1.6%
08:30 PCE Core MoM - exp 0.1%, prior 0.1%
08:30 PCE Core YoY - exp 1.5%, prior 1.5%
09:00 ISM Milwaukee (Aug) - exp 60.00, prior 63.87
09:45 Chicago PMI (Aug) - exp 56.5, prior 52.6
09:55 University of Michigan Confidence (August final) - exp 80.2, prior  79.2

Global Economics (Time Zone: GMT)

JPY Employment Data
JPY National CPI (July)
JPY Tokyo CPI (Aug)
JPY Retail Sales
JPY Industrial Production (Jul prelim)
05:00 JPY Housing Starts
08:00 CHF Unemployment Rate (Jul prelim)
09:00 EUR CPI (Aug advance)
12:30 CAD 2Q GDP

Earnings

No major earnings scheduled

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