Week Ahead In US Financial Markets

Financial Markets Summary For The Week of July 21-25The week of July 21-25 will see a modest week of economic data that will take a back seat to corporate earnings statements. Earnings from the financial (Bank of America, Wachovia, and WaMu), airline (US Airways and Jet Blue), and auto sector (Ford and GM) will shape sentiment and be the primary movers of markets during the upcoming week. Other market bellwethers that can move the market such as Caterpillar, Yahoo, Boeing and Ely-Lilly will also provide earnings announcements. The week in macro data will kick off with the publication of the Fed Beige Book on Tuesday. Thursday will see the release of the weekly jobless claims series, existing homes and durable goods orders for June. The week will conclude with the publication June new home series and the final estimate of the UMICH consumer confidence survey for July. The week will see a light week of Fed talk, with FOMC Gov's Mishkin and Kohn addressing the markets on Wednesday.

Safe Haven | Merk Economic Calendar: Week Ahead In US Financial Markets

Blogged with the Flock Browser