This week, market watchers will keep their eyes on a potential bailout request by Spain. Stories are circulating that the country is preparing for a ?formal bailout request to the European Central Bank; it may arrive on Thursday, reported the?Financial Times.
No surprise,?Spain has said it doesn’t need a bailout but an actual request is a different story.
Back in the U.S., it’s a busy week for economic numbers. This includes a snapshot of the U.S. housing market, GDP and consumer sentiment topping the list.
There’s a short list of corporate earnings including Nike Inc?and Lennar.
Let’s take a look at the week ahead.
Economic Data
Monday: Chicago Fed August national activity index and?Dallas Fed September manufacturing survey
Tuesday: S&P Case-Shiller home-prices index for July, September consumer confidence, July FHFA home prices index and?Richmond Fed September manufacturing survey
Wednesday:?August new home sales
Thursday: Weekly jobless claims, August durable goods orders, Second-quarter real GDP (3rd read), August pending home sales and?Kansas City Fed September manufacturing survey
Friday: August personal income, August consumer spending, August core PCE prices, September Chicago PMI and September Reuters/UMich consumer sentiment (final)
Earnings
Monday:?Lennar, Paychex and Red Hat?
Tuesday:?Carnival, Jabil Circuit, H.B. Fuller and FactSet?
Wednesday:?Worthington Industries and Progress Software?
Thursday:?Nike, Micron Tech, Texas Industries, Accenture and?Discover Financial?