After last week’s busy economic calendar and the ECB’s aggressive action, this week ushers in a summer trading environment for several reasons (though volumes have been vacation-like for almost a month now).
First, the economic calendar in the U.S. only has one major release, which is retail sales on Thursday morning. Other regions are similarly light. The Bank of Japan monetary policy statement is on Thursday night. Retail sales and industrial production for China will be released on Friday morning. European industrial production data will mostly be released on Tuesday, and CPI data on Thursday and Friday.
Second, the earnings calendar is very light, and the agenda below illustrates the scarcity of company-specific events scheduled for this week.
Third, and perhaps most importantly, the World Cup in Brazil starts on Thursday. Given that it is the most watched sporting event in the world, and continues until the final on July 13th, the investment community worldwide might be more interested in the tournament than financial markets over the next month.
Monday, June 9th
- MCD May 2014 Sales and Revenue Release
- E3 Video-Game Industry Conference (MSFT, EA)
Tuesday, June 10th
- RSH earnings before the open
- DDD investor and analyst meeting
- ULTA earnings after the close
Wednesday, June 11th
- HRB earnings before the open
- RH earnings after the close
Thursday, June 12th
- LAND earnings before the open
- BX investor day
- CNX analyst day
- FNSR earnings after the close
Friday, June 13th
- No events of note