The event calendar this week is much lighter than last week’s headline-leaden media frenzy. There are no major central bank meetings or decisions. The largest expected IPO is Royal Bank of Scotland’s divestment of Citizens Financial Group, which is slated to raise $3.5-$4 billion and value Citizens in the $13-$17 billion range. The economic calendar does not heat up until next week.
However, this week does have a heavy Fed speaking schedule (7 in total). The numerous Fed governors are likely to weigh in on last week’s FOMC statement and the possible path of rates over the next few years, though none are likely to surprise the market after Yellen’s press conference last week.
As for economic data, New Home Sales is on Wednesday, Durable Goods is on Thursday, and Q2 GDP is on Friday. Outside of the U.S., the only reports of note in Europe are the PMI data releases for France and Germany on Tuesday. Chinese HSBC Manufacturing PMI will be released tonight, and Japanese CPI data will be closely watched on Thursday night.
Finally, the single stock calendar is right, headlined by NKE’s earnings report on Thursday afternoon:
Monday, September 22nd
- AZO earnings before the open
Tuesday, September 23rd
- KMX earnings before the open
- CCL earnings before the open
- BBBY earnings after the close
Wednesday, September 24th
- KBH earnings before the open
- MTN earnings before the open
- ACN earnings before the open
Thursday, September 25th
- NKE earnings after the close
- MU earnings after the close
Friday, September 26th
- No events of note