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For the upcoming week, investors will look over some economic data and earnings but they’ll really be waiting for news from the Fed’s Jackson Hole retreat. They will have to wait until Friday when Federal Reserve Chief Ben Bernanke delivers a morning speech.
Also giving remarks at week’s end is European Central Bank president Mario Draghi. He’ll give a speech on Saturday. In his remarks from earlier this month, they gave markets a little jump after declaring the ECB would do what it could to save the euro but investors want something more concrete this time.
Overall, the week could be a quiet one with light volume as the week edges closer to the Labor Day holiday weekend.
Let’s take a look at the week.
Monday: Dallas Fed August manufacturing survey
Tuesday: S&P/Case-Shiller June home prices index, Consumer Confidence and Richmond Fed August manufacturing survey
Wednesday: Second-quarter real GDP and July pending home sales
Thursday: Weekly jobless claims, July personal income, July consumer spending and Kansas City Fed August manufacturing survey
Friday: August Chicago PMI, Reuters/UMich August consumer sentiment (final) and July factory orders
Friday: Ben Bernanke speech, “Monetary Policy Since the Crisis” at 10 a.m. EDT.
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