The Week Ahead on Wall Street: Europe, US Housing Data and These Earnings on Tap
After stocks endured the worst week of this year, investors will now look for clues as to whether the U.S. economy can extend its recovery in light of the uncertainty in Greece and Spain as well as other global growth challenges.
Over in Europe, leaders will keep their eyes on the results of this past weekend’s G8 summit, euro-zone manufacturing data and earnings from Marks and Spencer (NYSE:MKS).
Back in the U.S., look for some key U.S. economic reports such as home sales and durable goods. Market watchers will also keep a close watch on headlines regarding Europe’s banking system, its ability to keep the confidence of its citizens and Greece’s lack of leadership and austerity measures.
Let’s take a look.
Tuesday: Data on April sales of existing U.S. homes.
Wednesday: New-home sales and FFHA Home Prices for March.
Thursday: Durable goods in April, Weekly Jobless Claims and Kansas City Fed Survey for May.
Friday: Reuters/UMich consumer sentiment.
Monday: Fed’s Lockhart: Monetary Policy.
Monday: Campbell Soup (NYSE:CPB), Krispy Kreme (NYSE:KKD), Lowe’s (NYSE:LOW), Tidewater Inc. (NYSE:TDW), Tech Data Corp. (NASDAQ:TECD), Krispy Kreme Doughnuts (NYSE:KKD), Urban Outfitters (NASDAQ:URBN) and Nordson Corp. (NSDN).