The Upcoming Week

The upcoming week though shortened by the Monday holiday still has some interesting notes investors might be searching through starting with Tuesday when personal income and spending for April, consumer confidence and the Chicago PMI for May get released.

Wednesday the ISM Manufacturing Index for May and the auto makers report for May are out. The famous Fed's beige book on regional economic conditions hits the airways and the OECD issues its economic data. Thursday and Friday look a bit like the week that was last week with more central bankers stepping into the cynosure.

Thursday the ECB meets and is expected to follow the steady-she-goes route it's been on in interest rates and ECB President Mario "Whatever It Takes" Draghi is holding a news conference. While on this side of the pond, New York Fed President William Dudley, never one to find a television he camera he doesn't like, heads up a meeting at the New York Economic Club. Fed Governor Jerome Powell addresses the role of regulation in today's banking system, no doubt will have many interested listeners, some probably asking: "What is it: Friend or Foe?"

Friday caps the week off with non-farm payrolls for May, factory orders for April and the ISM Non-manufacturing Index reports are out. Two Fed Presidents, Chicago's Charles Evans and Cleveland's Loretta Mester speak, Evans on monetary policy divergence between the Fed and the ECB; Mester on macro and financial stability.

And there you have it, the Upcoming Week.