The following is a daily rundown of the economic reports and corporate earnings that will be grabbing the market's attention in the week ahead.
Monday May 19
Tuesday May 20
Japan releases leading index.
Germany releases producer price index for April and Italy releases industrial orders for March.
U.K. releases inflation data.
(830 a.m. ET) Canada releases wholesale trade for March; consensus is for a 0.4 per cent rise after gaining 1.1 per cent in February.
Earnings include: Home Depot Inc.; salesforce.com inc.; Staples Inc.;
Wednesday May 21
Japan releases April trade deficit.
Euro zone releases consumer confidence.
U.K. releases retail sales for April.
(1 p.m. ET) FOMC Minutes from April 29-30 meeting.
Earnings include: Sears Canada; Lowe’s Companies Inc.;Target Corp.;
Thursday May 22
HSBC manufacturing PMI for China released for May.
Japan releases manufacturing PMI.
Euro zone releases manufacturing PMI and services PMI.
U.K. releases first-quarter GDP
(830 a.m. ET) Canada releases retail sales for March, with the consensus expecting a rise of 0.2 per cent.
(830 a.m. ET) U.S. releases initial jobless claims for last week, forecast to rise 13,000 from the previous week to 310,000.
(945 a.m. ET) U.S. Markit Flash Manufacturing PMI for May.
(10 a.m. ET) U.S. releases existing home sales for April. Consensus is for a 2.2 per cent rise to an annualized rate of 4.69 million.
Earnings include: ATS Automation Tooling; Royal Bank of Canada; Silvercorp Metals; Toronto-Dominion Bank; Best Buy Co. Inc.; Gap Inc.;Hewlett-Packard Company;
Friday May 23
Friday: Germany releases first-quarter GDP and Italy releases February retail sales.
(830 a.m. ET) Canada releases consumer price index for April, forecast to rise 0.3 per cent, or 2 per cent from a year ago. Core CPI is forecast to rise 1.4 per cent year over year.
(10 a.m. ET) U.S. releases new home sales for April. Consensus is for a 10 per cent jump to 423,000.