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Wednesday, August 7, 2013
Looking Ahead: Economic Reports for the Week of Aug. 5
ECONOMIC REPORTS The market will be closely watching remarks by Federal Reserve policy makers this week for more clues on when the central bank might begin to reduce its bond-buying stimulus policy, despite mixed signals from the job market. The latest job report on Friday showed nonfarm payrolls rose by 162,000 in July, below expectations, but the unemployment rate fell to 7.4 percent, its lowest since December 2008. On Monday, the president of the Federal Reserve Bank of Dallas, Richard W. Fisher, is to deliver a speech on the economy. On Tuesday, the president of the Federal Reserve Bank of Chicago, Charles L. Evans, is scheduled to speak. The Institute of Supply Management releases its nonmanufacturing index (Monday); the Census Bureau releases its report on the balance of trade in June (Tuesday); the Federal Reserve releases its report on consumer credit in June (Wednesday); the Labor Department releases its report on initial claims for unemployment benefits (Thursday); the Census Bureau releases its report on wholesale inventories (Friday). CORPORATE EARNINGS Companies scheduled to report results include HSBC (Monday); Archer Daniels Midland, CVS Caremark, Tenet Healthcare, Molson Coors, Walt Disney, Crédit Agricole, Porsche and Standard Chartered (Tuesday); Carlyle Group, Time Warner, AOL, Tesla Motors and Groupon (Wednesday); Dean Foods, T-Mobile, Apollo Global, Commerzbank, Deutsche Telekom, Nestlé and Rio Tinto (Thursday); and J.C. Penney (Friday).
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