The Week Ahead: Highlight a Holiday-Shortened Week

Greece's IMF repayment deadline, as well as AAPL's Apple Music launch, will highlight a holiday-shortened calendar

Jun 25, 2015 at 5:04 PM
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We are still more than a week away from Alcoa Inc's (NYSE:AA) unofficial kick-off to earnings season, and notable earnings reports remain light. The news cycle continues to spin, though, with speculators eyeing Greece's June 30 debt-repayment deadline. Also on June 30, Apple Inc. (NASDAQ:AAPL) will launch its highly anticipated Apple Music service. As the market will be closed on July 3 to allow U.S. investors to go fireworks shopping, the highly anticipated nonfarm payrolls report will hit the Street a day early.

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 29

The pending home sales index for May will be released Monday morning, as will the Dallas Fed's manufacturing survey. Earnings announcement after the closing bell sounds include Apollo Education Group, Inc. (APOL) and CHC Group (HELI).

Tuesday, June 30

Should Greece and its creditors not reach a bailout agreement by Tuesday -- the country's deadline to repay the International Monetary Fund (IMF) $1.7 billion -- talk of a default and "Grexit" will likely dominate headlines. On the home front, St. Louis Fed President James Bullard will speak, and the Street will digest the S&P Case-Shiller home price index for April, the Chicago purchasing managers index (PMI), and June's consumer confidence data. Before the bell, ConAgra Foods Inc (CAG) and Schnitzer Steel Industries (SCHN) will step into the earnings confessional.

Wednesday, July 1

The ADP employment report will get the jobs data rolling. The Markit PMI, Institute for Supply Management (ISM) manufacturing index, construction spending, and the regularly scheduled crude inventories report will also be released Wednesday morning. General Mills Inc. (GIS), Constellation Brands, Inc. (STZ), Paychex, Inc. (PAYX), and Acuity Brands, Inc. (AYI) all report earnings before the bell, while Global Power Equipment Group Inc (GLPW) and Progress Software Corporation (PRGS) come in to focus after the bell.  

Thursday, July 2

The holiday-shortened week comes to a close with quite a bang, with weekly jobless claims and the highly anticipated nonfarm payrolls report on tap, along with May factory orders. There are no earnings reports of note.

Friday, July 3

U.S. markets will be closed for the July 4 holiday.


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