On Tap Today: Three Little Indicators
Three weekly economic indicators due this day after the 4th, and they remind of last night's fireworks: They're timely, volatile and generally cover only a spurt of time.
Two spending indicators (and therefore potential market movers) respectively track retail chains and department stores. The
BTM Weekly U.S. Retail Chain Store Sales Index
and the
Redbook Retail Average
, a weekly figure that examines the prior month through Saturday, are anticipated.
The
Consumer Comfort Index
comes hours after the closing bell and so will have as little market influence as the monthly
TheStreet Recommends
leading economic indicators
appearing today -- although designed to predict economic activity during the first half of next year, many of the 10 indices are already public.
Economic Data
(
Forecasts are from
Reuters
. Times are Eastern. For a longer-term economic calendar and more, see
TSC's
Economic Databank.
)
- 9 a.m.:
BTM Weekly U.S. Retail Chain Store Index for the week ended Saturday. Source:
Schroder. Forecast: N/A. Previous: unchanged.
10 a.m.:
Redbook Retail Average for the month through Saturday, vs. the prior month. Source:
LJR Redbook. Forecast: N/A. Previous: unchanged.
10 a.m.:
Leading economic indicators for May. Source:
Conference Board. Forecast: -0.2%. Previous: -0.1%.
2:30 p.m.: TIPS auction announcement Source:
Bureau of the Public Debt. The Treasury announces the size of its auction next Wednesday of 10-year Treasury Inflation-Protected Securities, or TIPS.
6:30 p.m.:
Consumer Comfort Index for the week ended Saturday. Source:
Money Magazine and
ABC News. Forecast: N/A. Previous: 23.
