The Week Ahead on Wall Street: Short Holiday Week, BLS Unemployment
In this shortened trading week, investors will keep their eyes on news from Europe. Positive announcements from the European Union including the establishment of a single supervisor for the region’s banks and efforts to bring down Italy and Spain’s costs could be at the forefront of this week’s news.
Also from across the pond is Thursday’s rate cut by the ECB.
Back in the U.S., it should be a quiet week but there’s some economic numbers early on with June’s employment numbers on Friday. The week will not have any earnings reports and investors will have to wait until July 9th with Alcoa Inc.’s (NYSE:AA) quarterly numbers.
Let’s take a look.
Monday: ISM June manufacturing PMIand May Construction Spending.
Tuesday: May factory orders and June Vehicle Sales.
Wednesday: Happy Fourth of July.
Thursday: June ADP Jobs Survey, Weekly Jobless Claims and June ISM non-manufacturing.
Friday: June nonfarm payrolls, June unemployment rate and June average hourly wages.
Monday: Fed’s Williams: ‘Monetary Policy Since the Financial Crisis’.