The Week Ahead -- Barron's
The Federal Reserve Bank of Chicago releases its National
Activity index, a gauge of overall economic activity, for May.
Expectations are for a 0.50 reading, higher than April's 0.24
figure. A positive reading indicates economic growth that is above
The National Association of Realtors reports existing-home sales
for May. Economists forecast a seasonally adjusted annual rate of
5.7 million homes sold, about 150,000 fewer than the April data.
Existing-home sales have fallen for three consecutive months, as
supply hasn't been able to keep up with demand.
Equinix hosts its 2021 analyst day, when the company will update
its long-term financial outlook.
GlaxoSmithKline hosts a conference call, featuring its CEO, Emma
Walmsley, to update investors on the company's strategy for growth
and shareholder value creation.
Johnson & Johnson hosts a webcast to discuss its ESG
The Census Bureau reports new residential construction data for
May. Consensus estimate is for a seasonally adjusted annual rate of
875,000 new single-family homes sold, slightly higher than April's
863,000. Similar to existing-home sales, new-home sales have fallen
from their recent peak of 993,000 in January of this year.
IHS Markit reports both its Manufacturing and Services
Purchasing Managers' indexes for June. Expectations are for a 61.5
reading for the Manufacturing PMI, and a 69.8 figure for the
Services PMI. Both projections are comparable to the May data as
well as being near record highs for their respective indexes.
Accenture, Darden Restaurants, FedEx, and Nike hold conference
calls to discuss quarterly results.
The Bank of England announces its monetary-policy decision. The
central bank is widely expected to keep its key interest rate at
The Census Bureau releases the durable-goods report for May. The
consensus call is for new orders of manufactured goods to rise 2.8%
month over month to $253 billion. Excluding transportation, new
orders are projected at 1%, matching the April data.
CarMax and Paychex report earnings.
The BEA reports personal income and consumption for May. Income
is expected to fall 3% month over month, after plummeting 13.1% in
April. This reflects a dropoff in stimulus checks that first were
sent out in March. Spending is seen rising 0.5%, comparable to the
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(END) Dow Jones Newswires
June 18, 2021 22:13 ET (02:13 GMT)
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