The Week Ahead: Fed Fodder Precedes Payrolls

Next week's calendar features speeches from no fewer than five Fed officials, as well as the Labor Department's nonfarm payrolls report

by Karee Venema

Published on May 28, 2015 at 4:34 PM

Although the earnings docket is light, a number of speeches from Federal Reserve officials and a slew of data points -- concluding on Friday with the highly anticipated jobs report -- will provide a wealth of information for traders to chew on. Meanwhile, among the few names making their way into the earnings confessional are Ciena Corporation (NYSE:CIEN), Dollar General Corp. (NYSE:DG), VeriFone Systems Inc (NYSE:PAY), and Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE).

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Monday, June 1

Personal income and spending, Markit's purchasing managers index (PMI), the Institute for Supply Management's (ISM) manufacturing index, and construction spending will kick off a busy week of economic data. A number of Fed speakers will take the stage throughout the week, as well, with Boston Fed President Eric Rosengren kicking things off Monday morning. There are no earnings reports of note.


Tuesday, June 2

Auto sales and factory orders will be released on Tuesday. Ambarella (AMBA), Conn's (CONN), Cracker Barrel (CBRL), DG, Guess? (GES), and Medtronic (MDT) will report earnings.

Wednesday, June 3

Jobs data starts to roll in on Wednesday, with ADP's employment report. International trade data, the ISM's non-manufacturing index, the weekly crude inventories update, and the Fed's Beige Book are also slated for release. Chicago Fed President Charles Evans and St. Louis Fed President James Bullard are scheduled to speak. Five Below (FIVE) and Vera Bradley (VRA) will step up to the earnings plate.

Thursday, June 4

Thursday's docket features weekly jobless claims, productivity and labor costs, as well as a speech from Fed Governor Daniel Tarullo. Analogic (ALOG), CIEN, Diamond Foods (DMND), J. M. Smucker (SJM), Joy Global (JOY), Lands' End (LE), PAY, and Zumiez (ZUMZ) are scheduled to unveil their earnings reports.


Friday, June 5

The Labor Department's nonfarm payrolls report will be in focus on Friday, as will an early afternoon speech from New York Fed President William Dudley. YGE will tell all in the earnings confessional. Additionally, Friday marks the deadline for Greece's first payment of four in June to the International Monetary Fund (IMF).


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