Preview -- Barron's
June 09 2023 - 10:00PM
Dow Jones News
Monday 6/12
Oracle reports fourth-quarter fiscal-2023 earnings.
Tuesday 6/13
Home Depot hosts its 2023 investor and analyst conference.
The Bureau of Labor Statistics releases the consumer price index
for May. Consensus estimate is for the CPI to increase 4.2% year
over year, while the core CPI, which excludes volatile food and
energy prices, is seen rising 5.2%. This compares with gains of
4.9% and 5.5%, respectively, in April.
The National Federation of Independent Business releases its
Small Business Optimism Index for May. Expectations are for an 89
reading, matching the April data. The index remains mired well
below historical averages as small-business owners struggle to find
qualified workers for open positions.
Wednesday 6/14
Lennar releases second-quarter fiscal-2023 results.
BlackRock holds its 2023 investor day.
The Federal Open Market Committee announces its monetary-policy
decision. Traders are pricing in a 26% chance that the FOMC will
raise the federal-funds rate by a quarter of a percentage point to
5.25%-5.50%. Pause, skip, or hike has been the debate on Wall
Street since the central bank's last meeting in early May. The most
likely outcome is for the FOMC to skip this meeting but hike
interest rates by a quarter of a percentage point when it next
meets in late July.
The BLS releases the producer price index for May. The PPI is
expected to rise 1.5% year over year, nearly a full percentage
point less than in April. The core PPI is seen increasing 2.9%,
three-tenths of a percentage point less than previously. The PPI is
currently at its lowest level since January of 2021.
Thursday 6/15
Kroger hosts a conference call to discuss quarterly results.
The European Central Bank announces its monetary-policy
decision. The ECB is widely expected to raise its key short-term
interest rate by a quarter of a percentage point, from 3.25% to
3.5%. Traders expect at least one more rate hike after this coming
meeting as inflation has proved to be more stubborn in the euro
zone than stateside.
The Census Bureau reports retail sales data for May. The
consensus call is for retail spending to remain flat month over
month at $686 billion, following a 0.4% increase in April.
Friday 6/16
The University of Michigan releases its consumer sentiment index
for June. Economists forecast a still-dour 60 reading, one point
more than in May.
To subscribe to Barron's, visit
http://www.barrons.com/subscribe
(END) Dow Jones Newswires
June 09, 2023 21:45 ET (01:45 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Adobe (NASDAQ:ADBE)
Historical Stock Chart
From Sep 2024 to Oct 2024
Adobe (NASDAQ:ADBE)
Historical Stock Chart
From Oct 2023 to Oct 2024