Fresh Data on Inflation, Housing, and Retail Sales
This week will bring fresh data on inflation, the housing market, and retail sales, following a volatile week for markets amid concerns about the economy. We will also hear from several Federal Reserve speakers, potentially offering more insights.
Investors will receive updates on consumer spending with earnings reports from major retailers such as Walmart and Home Depot.
Key Dates for the Week
Monday, August 12
– New York Fed consumer inflation expectations (July)
Tuesday, August 13
– NFIB Small Business Optimism Index (July)
– Producer Price Index (July)
-Atlanta Fed President Raphael Bostic delivers remarks
– Earnings reports from Home Depot (HD) and SunLife Financial (SLF)
Wednesday, August 14
– Consumer Price Index (July)
– Earnings reports from Cisco Systems (CSCO) and UBS AG (UBS)
Thursday, August 15
– Initial jobless claims (Week ending August 10)
– Empire State Manufacturing Index (August)
– Philadelphia Fed Manufacturing Index (August)
– Housing market index (August)
– Industrial production and capacity utilization (July)
– Retail sales (July)
– Business inventories (June)
– Remarks from St. Louis Fed President Alberto Musalem and Philadelphia Fed President Patrick Harker
– Earnings reports from Walmart (WMT), Alibaba Group (BABA), Applied Materials (AMAT), John Deere (DE) and JD.Com (JD)
Friday, August 16
-Housing starts (July)
-Consumer sentiment – preliminary (August)
-Remarks from Chicago Fed President Austan Goolsbee
Retailers Report Earnings, Including Walmart
Thursday’s earnings reports will include an update from Walmart, the nation’s largest retailer, following a strong first quarter. Home Depot is expected to show slight declines in sales and profits, reflecting consumer caution in big-ticket spending. Chinese e-commerce giants Alibaba and JD.com will also provide insights on international retail trends.
Cisco’s earnings on Tuesday will shed light on tech infrastructure spending, while financial firms SunLife Financial and UBS will also report their earnings.
Source : www.investopedia.com