Calendar
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 12
Japan releases its March current current account balance and China new yuan loans and M2 money supply.
(2 p.m. ET) U.S. releases its budget statistics for April.
Earnings include: Absolute Software, Acadian Timber, Alliance Grain Traders, Capstone Infrastructure, Cardiome, EnerCare, Enerflex, Ensign Energy, Fortress Paper, Fortuna Silver, Inter Pipeline, Turquoise Hill, Total Energy, Endeavour Silver, Fortuna Silver Mines, Pengrowth Energy, Thompson Creek Metals.
Tuesday May 13
China releases industrial production for April, plus retail sales and fixed asset investment.
(830 a.m. ET) U.S. releases retail sales for April. Consensus is for a rise of 0.3 per cent, after gaining 1.2 per cent in March. Excluding the auto sector, they are expected to rise 0.5 per cent.
(10 a.m. ET) U.S. releases business inventories for March, forecast to rise 0.5 per cent after gaining by the same amount in February.
(1030 a.m. ET) Bank of Canada's bi-annual review.
Earnings include: Aimia, Carfinco, Encana, Finning International, Innergex Renewable, Leisurewold Senior Care, Manitoba Telecom, RioCan REIT, Rona, Sprott Resource, SunOpta, Hertz Global Holdings, Intrawest Resorts Holdings,
Wednesday May 14
Euro area releases March industrial production.
Bank of England quarterly inflation report.
(830 a.m. ET) Canada releases new motor vehicle sales for March, forecast to fall 0.6 per cent year-over-year after gaining 1.6 per cent in February.
(830 a.m. ET) U.S. releases producer price index, forecast to rise 1.6 per cent year over year.
Earnings include: Ag Growth International, B2Gold, DragonWave, Power Financial, Sprott, Whistler Blackcomb, Abercrombie & Fitch, Cisco Systems, Deer & Co., Macy's, RE/MAX, SodaStream International, Valero Energy Partners.
Thursday May 15
Japan releases first-quarter real GDP, plus April consumer confidence.
Euro zone releases first-quarter GDP, plus April consumer price index.
(830 a.m ET) Canada releases manufacturing sales for March, forecast to decline by 0.2. per cent after gaining 1.4 per cent in February.
(830 a.m. ET) Initial U.S. jobless claims for last week, forecast to fall 2,000 to 317,000.
(830 a.m. ET) U.S. releases April consumer price index, forecast to rise 0.3 per cent on a monthly basis, or 2 per cent year-over-year. Excluding food and energy, it's forecast to rise 1.4 per cent year-over-year.
(9 a.m. ET) Canada releases existing home sales for April, forecast to rise 2 per cent by BMO year-over-year.
(9 a.m. ET) MLS home price index for April, forecast to rise 5.4 per cent year-over-year (date and time approximate.)
(10 a.m. ET) U.S. Philadelphia Fed Index. Consensus is for a reading of 13.5, down from April's 16.6.
(10 a.m. ET) U.S. National Association of Home Builders releases housing market index for May, forecast to come in at 49.
Earnings include: Air Canada, CAE, Just Energy, Power Corp., Stantec, Advance Auto Parts, Autodesk, First Majestic Silver, J.C. Penney, Kohl's, Manchester United, Nordstrom, Wal-Mart Stores
Friday May 16
Japan releases industrial production for March.
Euro zone releases trade surplus for March.
(830 a.m. ET) Canada releases international securities transactions for March.
(830 a.m. ET) U.S. housing starts for April. Consensus is for a rise to an annual rate of 3.6 per cent. Building permits are forecast to rise 1.8 per cent.
(955 a.m. ET) University of Michigan consumer sentiment survey. Consensus is for a reading of 84.5, higher than April's 84.1.
Earnings include: Onex Corp.