Corporate earnings will continue this week, with Dow Jones retailers and popular apparel stores set to dominate the headlines. Investors will look to these and other earnings reports to get a sense of the U.S. consumer-led recovery, which appears to have hit a snag at the start of the year.
The economic calendar also features several prominent releases from both sides of the Atlantic, giving dividend investors fresh insights into the health of the domestic and global economies.
Global data flows and monetary policy were the main headlines last week. Compare this week’s Market Glance with the May 8 edition by clicking here.
Monday
Economic Data
The week begins with a report on New York State manufacturing conditions. The New York Fed’s Empire State manufacturing index provides a barometer of business activity in the state’s factory sector, which has direct implications on the broader economy.
In a separate report, the National Association of Home Builders (NAHB) will release its monthly housing market index. This gauge of homebuilder confidence provides an outlook on housing demand and underlying economic momentum.
