The Week Ahead: All Eyes on Yellen

A speech by Fed Chair Janet Yellen will highlight next week's calendar

by Celeste Taylor

Published on Jun 2, 2016 at 2:32 PM
Updated on Jun 24, 2020 at 10:16 AM

As anticipation builds ahead of the June 14-15 Federal Open Market Committee (FOMC) policy-setting meeting, Monday's speech by Fed Chair Janet Yellen to the World Affairs Council of Philadelphia will be a hot topic, as will Wednesday's Job Openings and Labor Turnover Survey (JOLTS) -- which will provide further insight into the current labor market. Meanwhile, although earnings season is all but over, Valeant Pharmaceuticals Intl Inc (NYSE:VRX) will release its highly-anticipated earnings report on Tuesday, followed by retailer Lululemon Athletica inc. (NASDAQ:LULU) on Wednesday.

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 6

While Monday's economic calendar is bare, both Yellen and Boston Fed President Eric Rosengren are due to speak. United Natural Foods (UNFI) will report earnings.

Tuesday, June 7

On Tuesday, productivity and labor costs will be released. Elsewhere, Dave & Buster's (PLAY), HD Supply Holdings (HDS), Valeant Pharmaceuticals (VRX), and VeriFone (PAY) are set to release results.

Wednesday, June 8

Wednesday will see the release of the Labor Department's April JOLTS, followed by the weekly crude inventories update. FuelCell Energy (FCEL), Lululemon Athletica (LULU), and Restoration Hardware (RH) will step into the earnings confessional.

Thursday, June 9

Weekly jobless claims is Thursday's only notable economic report. On the earnings front, Francesca's (FRAN), H&R Block (HRB), J.M. Smucker (SJM), Mattress Firm (MFRM), and Vail Resorts (MTN) will step up to the plate.

Friday, June 10

The the preliminary Thomson Reuters/University of Michigan consumer sentiment survey for June and the Treasury budget will hit the Street on Friday. Meanwhile, there are no earnings reports set to be released.

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