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The Week Ahead: Fed Minutes and Early Earnings Take Center Stage

The Week Ahead: Fed Minutes and Early Earnings Take Center Stage
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The economic calendar is relatively light outside of the Fed minutes, while second-quarter earnings begin to gather pace. Reports from PepsiCo, Delta Air Lines, Levi Strauss and several other companies will provide an early read on corporate performance.

Key Events by Day

Monday:
• 13:45 GMT – Final Services PMI
• 14:00 GMT – ISM Services PMI

Tuesday:
• 12:15 GMT – ADP Weekly Employment Change
• 12:30 GMT – Trade Balance
• Tentative – RCM/TIPP Economic Optimism
• 20:30 GMT – API Weekly Statistical Bulletin
• Enerpac Tool Group (EPAC, after close) Earnings – Est. $0.50
• Penguin Solutions (PENG, after close) Earnings – Est. $0.54

Wednesday:
• 14:00 GMT – Final Wholesale Inventories m/m
• 14:30 GMT – Crude Oil Inventories
• 17:01 GMT – 10-y Bond Auction
• 18:00 GMT – FOMC Meeting Minutes
• 19:00 GMT – Consumer Credit m/m
• Helen of Troy (HELE, before open) Earnings – Est. $0.01
• AZZ (AZZ, after close) Earnings – Est. $1.69
• Levi Strauss (LEVI, after close) Earnings – Est. $0.24
• PriceSmart (PSMT, after close) Earnings – Est. $1.32

Thursday:
• 12:30 GMT – Unemployment Claims
• 14:00 GMT – Existing Home Sales
• 14:30 GMT – Natural Gas Storage
• 17:01 GMT – 30-y Bond Auction
• PepsiCo (PEP, before open) Earnings – Est. $2.21
• Simply Good Foods (SMPL, before open) Earnings – Est. $0.35
• WD-40 (WDFC, after close) Earnings – Est. $1.56

Friday:
• Tentative – Fed Monetary Policy Report
• Delta Air Lines (DAL, before open) Earnings – Est. $1.47

Source: Original Article

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