Leading that charge will be the factory reports from two regional Federal Reserve district banks. Because the surveys done by various Fed banks cover the concurrent month, financial markets pay attention to them for a timely read on the economy.
On Wednesday, the New York Fed will release its Empire State Survey. The median forecast of economists surveyed by Dow Jones Newswires is that the top-line business conditions index will weaken to 6.0 this month from 7.39 in July. Economists expect some improvement in the Philadelphia Fed manufacturing survey, scheduled for Thursday, but the expected reading will still indicate a sector in recession. The general business activity index is projected to rise to -4.5 this month.
Meanwhile, the National Association of Home Builders' housing-market index is projected to pull back to 34 for August after jumping to 35 in July, the best reading since March 2007.
The two major July reports on inflation--the producer-price index and the consumer-price index, are also on tap next week, but neither is expected to show a flare-up in price pressures.
Several major U.S. retailers are due to report their latest quarterly results next week, including the world's biggest retailer, Wal-Mart Stores Inc. (WMT), as the sector contends with waning consumer confidence and global economic woes. Read more Earning report august week 13-17 2012
Meanwhile, monocrystalline sand producer Hi-Crush Partners LP is expected to go public next week, the only initial public offering scheduled for the week. Read more Hi-Crush Partner ipo stock prices range
Markets also will examine factory reports from two regional Federal Reserve district banks on Wednesday and Thursday for timely readings of the economy.
Conferences
Among the significant conferences next week are EnerCom Inc.'s The Oil & Gas Conference Sunday through Saturday in Denver; J.P. Morgan's Auto Conference on Monday and Tuesday in New York; Canaccord Genuity's Global Growth Conference Tuesday through Thursday in Boston; and Oppenheimer Holdings Inc.'s Technology, Internet & Communications Conference Tuesday and Wednesday in Boston
For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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