Read the key events to monitor for the week which starts on June 14, 2021.
The Fed's monetary policy decision and press conference from Fed Chair Jerome Powell will take place Wednesday afternoon. The focal points for investors will be around commentary about the strength of the economic recovery, and remarks that might suggest when the central bank will begin tapering its crisis-era asset purchase program. Heading into the June meeting, a number of Fed officials suggested it may be time to at least begin discussing tapering.
The May retail sales report from the Commerce Department will be among the major economic data reports out next week, offering a look at how consumer spending trends have shifted with the economic recovery now well under way.
President Biden will also meet with Russian President Vladimir Putin in Geneva, where the two men are expected to discuss Iran and North Korea's nuclear capabilities, Syria, the Arctic, strategic stability, arms control, climate change and COVID-19.
WEEK AHEAD CALENDAR
MONDAY
Earnings
N/A
Macro
Asia: Japan industrial production
Europe: Eurozone industrial production
TUESDAY
Earnings
H&R Block, LA Z Boy, Oracle
Macro
US: Retail Sales, PPI, Empire State manufacturing, Industrial production
UK: Unemployment
Europe: Germany CPI
WEDNESDAY
Earnings
The Honest Company, Lennar
Macro
US: Housing Starts, Building Permits, Canada CPI
UK: CPI, PPI, RPI
Asia: Asia: Japan trade data, China industrial production, China retail sales
Monetary PolicyFOMC statement, Fed Chairman Jerome Powell briefing
THURSDAY
Earnings
Kroger, Adobe
Macro
US: Initial jobless claims, Philidelphia Fed manufacturing index
Europe: Eurozone CPI
Asia: Australia employment
Monetary Policy
SNB rate decision
FRIDAY
Earnings
N/A
Macro
U.K: Retail Sales
EU: Germany PPI
Asia: Japan CPI
Monetary Policy
BOJ rate decision
Sources: Yahoo Finance, Fox Business, CNBC
