Sign In  |  Register  |  About Corte Madera  |  Contact Us

Corte Madera, CA
September 01, 2020 10:27am
7-Day Forecast | Traffic
  • Search Hotels in Corte Madera

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

This Week Will See the Publication of a Lot of Economic Data, as Well as the Results of Several Major Businesses.

Monday’s line-up includes Nike and Jefferies Financial Group, followed by General Mills and McCormick the following day. Constellation Brands, Micron Technology, and Walgreens Boots Alliance will all release earnings results on Thursday. FedEx FDX +7.16% and Hewlett Packard Enterprise HPE +3.23% will both have investor days on Tuesday.

This week’s economic calendar is jam-packed with events. The durable goods report for May will be released by the Census Bureau on Monday, and it will provide valuable information on both company investment and consumer spending. Conference Board’s June Consumer Confidence Index will be released on Tuesday. Consumers are still worried about rising prices.

The Bureau of Economic Analysis will disclose personal income and expenditure figures for May on Thursday. The personal consumption expenditures index (PCE) is the favored inflation measure of the Federal Reserve. Both Wall Street and the general public are watching for indications of a slowdown in the rate of inflation.

ISM will issue its Manufacturing Purchasing Managers’ Index for June on Friday, as well. It is expected to be down somewhat from May’s reading, but it will stay firmly in the growth zone.

Monday, 27th of June.

This month’s durable goods report is published by the Census Bureau. A 0.2 percent month-over-month increase in new orders for manufactured durable goods is forecast, according to experts.

Nike and Jefferies Financial Group both announced profits.

It was revealed in May by the National Association of Realtors that their Pending Home Sales Index had reached a record high. According to the consensus, the reading will be 99.3, which is about where it was in April. NAR chief economist Lawrence Yun said that contract signings have fallen for six months in a row, marking the weakest rate in almost a decade.

Tuesday, 28th of June

For two days, FedEx organizes conferences in Memphis for investors and analysts.

Antonio Neri, HPE’s CEO, will speak to investors during a Hewlett Packard Enterprise investor conference.

The CoreLogic Case-Shiller National Home Price Index for April is released by S&P Dow Jones Indices. The annual growth in home prices is likely to reach 21%, breaking the previous record of 20.6 percent set in March. Due to the index’s three-month latency, it is safe to assume that home price growth has peaked. Nearly all forward-looking indications show that the housing market is cooling dramatically.

June’s Consumer Confidence Index is made public by The Conference Board. Economists predicted a 101 reading, roughly five points less than May’s 106.4. People are concerned about inflation, which has taken a toll on the index.

Wednesday, June 29th

Quarterly results are released by General Mills, McCormick, and Paychex.

Thursday, June 30th.

Walgreens Boots Alliance, Constellation Brands, and Micron Technology all host quarterly earnings conference calls.

In May, the Bureau of Economic Analysis released statistics on personal income and expenditures, as well as the Federal Reserve’s preferred inflation indicator, the core PCE index. A 0.5 percent rise in personal income and a 0.2 percent rise in expenditures are forecast for this month. This is in contrast to April’s advances of 0.4 percent and 0.9 percent. The core PCE index, which excludes volatile food and energy costs, is expected to rise by 4.9 percent year-over-year, matching the statistics from April. Wall Street and the general public are watching for indications of a slowdown in inflation.

 Friday, July 1st

May’s building expenditure figures are released by the Census Bureau. Construction expenditure is expected to rise by 0.3 percent to $1.75 trillion at a seasonally adjusted annual pace.

The post This Week Will See the Publication of a Lot of Economic Data, as Well as the Results of Several Major Businesses. appeared first on Best Stocks.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 CorteMadera.com & California Media Partners, LLC. All rights reserved.