The Week Ahead – 16th July

ECONOMIC NEWS

On the economic front, the Thomson Reuters/University of Michigan July preliminary consumer sentiment index fell to 72. This is the lowest reading since the December’s print at  73.2.

Producer prices unexpectedly rose 0.1 percent in June. This comes even after energy prices fell sharply.

THE WEEK AHEAD

calendarMONDAY: Retail sales, Empire state mfg survey, business inventories

TUESDAY: CPI, treasury int’l capital, industrial production, housing market index, Ben Bernanke speaks, Cleveland Fed Pres speaks

WEDNESDAY: Weekly mortgage apps, housing starts, Ben Bernanke speaks, Fed’s Beige Book

THURSDAY: Jobless claims, existing home sales, Philadelphia Fed survey, leading indicators

FRIDAY: No economic news scheduled.