Next Week’s (Week of June 15th) Market Preview

The third week of June starts on Monday with the Empire State Mfg Survey at 8:30 AM ET covering a survey of manufacturers in New York State in various industries to report the change in a variety of indicators. Following this release is the Industrial Production at 9:30 AM ET to report capacity indexes and capacity utilization rates covering manufacturing, mining, and electric and gas utilities. Later on in the day is the Housing Market Index to report upon respondents’ rating of the general economy and housing market condition. Following the closing bell to be reported is the Treasury International Capital Report which is a tracking of the flow of financial instrument in and out of the US.

On Tuesday, only one announcement is to be reported an hour before the opening bell. This announcement is called the Housing Starts report, and covers the start of construction on new residential buildings. This is a major indicator because it is a powerful multiplier in the economy that causes a ripple effect among various sectors of the market.

Wednesday has three releases to watch out for beginning with the FOMC Meeting Announcement at 2 PM ET. The Federal Open Market Committee is the group who is in charge of writing the policies governing the Federal Reserve and determines the short-term interest rates in the U.S. Half an hour after this report will be the Fed Chair Press Conference and the FOMC Forecasts. The Fed Chair Press Conference is held to report quarterly economic projections. Immediately after this release is the FOMC Forecast Announcement which is simply the release of the economy’s projections.

Thursday has quite a few reports to be released throughout the day. First will be the Jobless Claims numbers at 8:30AM ET enlightening the public on unemployment claims over the past week. Following immediately after this report is the Consumer Price Index indicating the change in price level of a basket of goods or commonly known as inflation. At 10AM ET will be the Philadelphia Fed Business Outlook Survey covering a diffusion index of manufacturing conditions within the Philadelphia Federal Reserve district. Most investors watch this carefully because this indicator dictates how various investments will perform.

The last day of the trading week, Friday, has two speakers named John Williams and Loretta Mester speaking at 11:40 AM ET and 12:15 PM ET respectively. John Williams is the President of the San Francisco Federal Reserve Bank and Loretta Mester serves as the President of the Cleveland Federal Reserve Bank. This concludes the announcements and reports for this week.

Key Earnings Reports Next Week

  • After the Bell on Tuesday | Adobe Systems Inc. (ADBE)
  • After the Bell on Tuesday | La-Z-Boy Inc. (LZB)
  • After the Bell on Wednesday | FedEx Corp (FDX)
  • After the Bell on Wednesday | Oracle Corp (ORCL)