The Week Ahead on Wall Street: Geithner Goes to Europe, Toll Brothers Earnings
Marketwatchers will have not have a shortage of news in this upcoming week as Treasury Secretary Timothy Geithner travels to Europe to meet with officials and Asia the US produce their usual slew of economic numbers to watch.
Asian markets will have to wait until Friday to hear key Chinese economic data of industrial production, retail sales and consumer and wholesale inflation numbers. The Bank of Korea is will make a policy decision on whether or not to change its benchmark on Thursday.
Australia will also have its central bank determine interest rates on Tuesday and on Wednesday, they’ll hear about third-quarter gross domestic product.
Europe will again be closely watched as Geithner, according to a Treasury Department statement, will hold “discussions with his counterparts on their efforts to reinforce the institutions of the euro area.”
Geithner’s journey begins with Tuesday meetings including the European Central Bank President Mario Draghi, Bundesbank President Jens Weidmann and German Finance Minister Wolfgang Schauble.
On Wednesday, Geithner will meet with French President Nicolas Sarkozy and Finance Minister Francois Baroin in France and on Thursday in warmer European countries, he will talk with Spain Prime Minister-elect Mariano Rajoy Brey and the Italian Prime Minister Mario Monti in Milan.
Also on Thursday, there could be news from Europe’s Central bank of interest rate action.
European leaders will close the week with a Friday summit to discuss a plan for fiscal unity, which may include a plan to have the European Central Bank taking a bigger role to help end this euro-zone debt crisis.
Back in the U.S., there are economic numbers that investors will want to watch.
Monday: The Institute for Supply Management’s service index and October factory orders data
Tuesday: Nothing scheduled
Wednesday: October consumer credit
Thursday: Jobless claims and wholesale trade
Friday: October trade deficit s and December consumer sentiment
Tuesday: Autozone Inc. (NYSE:AZO), SAIC Inc. (NYSE:SAI), Bank of Montreal (NYSE:BMO), Landauer Inc. (NYSE:LDR), Liquidity Services, Inc. (NASDAQ:LQDT), Toll Brothers (NYSE:TOL), The Toro Company (NYSE:TTC), AeroVironment (NASDAQ:AVAV), Casey’s General Stores, Inc, (NASDAQ:CASY), Francesca’s Holdings (NASDAQ:FRAN), The Men’s Warehouse (NYSE:MW), Mitcham Industries (NASDAQ:MIND), Oxford Industries (NYSE:OXM), Photronics, Inc (NASDAQ:PLAB), Powell Industries (NASDAQ:POWL) and Vera Bradley (NASDAQ:VRA).
Thursday: Brown-Forman Corp. (BF.B) and Pall Corp. (NYSE:PLL).