por admin » Dom May 13, 2012 7:44 am
El Viernes es el IPO de Facebook (posiblemente)
Next Week’s Tape: Yeah, Yeah, Yeah, It’s a Facebook Week
By Paul Vigna
It may not be, in the scheme of things, the most important thing that happens next week (assuming it does actually happen), but it will certainly be the most talked about thing that happens. We’re talking, of course, about the Facebook IPO, currently set for next Friday.
But before that, there’s a whole host of things to busy ourselves over. U.S. retailers are reporting earnings, including Wal-Mart and Target. Tuesday brings first-quarter GDP reports from Greece, France, Germany, Italy, and the Netherlands.
“With the disappointing numbers out of China, and slower employment growth in the U.S., slower GDP in Europe could stoke some global growth concerns,” said Mary Nicola, currency strategist at BNP Paribas in New York.
Some?
Our colleague Kathleen Madigan breaks down the rest of the week’s highlights:
Investors will have much new information on housing, consumer inflation and factory activity next week. But they will have to look quickly at each since 10 reports are squeezed into just three days.
On a busy Tuesday, reports on retail sales, consumer inflation and New York manufacturing will take the spotlight. Economists surveyed by Dow Jones Newswires expect the top-line retail sales rose 0.1% in April after jumping 0.8% in March. Excluding autos, sales are projected to have risen 0.2% last month.
The consumer price index is projected to be unchanged in April; while the core index, which excludes food and energy, is forecast to be up 0.2%.
The Federal Reserve Bank of New York will report on May factory activity in the Empire State. The top-line index is forecast to rise to 8.5 this month from 6.56 in April.
Housing and manufacturing are in focus Wednesday.
Housing starts are projected to increase to an annual rate of 685,000 in April, while permits likely fell to a 730,000 pace. The median forecast for industrial production calls for a 0.6% rise in output which will push capacity utilization up to 79% last month.
Finally on Thursday, investors will get jobless claims, the Philadelphia Fed factory survey and the index of leading indicators.
Jobless claims are projected to fall to 365,000 in the May 12 week, which coincides with the survey period of the May payrolls report.
The top-line Philly Fed index is expected to increase slightly to 8.75 in May from 8.5. And economists expect the leading index to post a 0.2% advance for April.
Your handy clip-and-save calendar:
Monday:
Earnings:
Groupon
Tuesday:
Economics:
Three at 8:30 a.m.:
- April consumer prices, seen flat overall, core up 0.2%
- April retail sales, seen rising 0.1%
- New York Fed Empire State survey, seen rising to 8.5 from 6.56
Earnings:
J.C. Penney, Home Depot, Saks
Wednesday:
Economics:
April housing starts (8:30 a.m.): seen rising 4.7% to 685,000
April building permits (8:30): seen dropping 4.5% to 730,000
April Industrial production (9:15): seen rising 0.6%
Earnings:
Target, Staples, Abercrombie & Fitch
Thursday:
Economics:
Weekly jobless claims (8:30): seen falling 2,000, to 365,000
May Philly Fed manufacturing survey (10:00): seen inching ahead to 8.75 from 8.50
April leading index (10:00): seen rising 0.2%
Earnings:
Wal-Mart, Sears, Salesforce
Next Week's Tape