GameStop, Brown-Forman, Campbell Soup, NIO, Ciena, ແລະຮຸ້ນອື່ນໆທີ່ຈະເບິ່ງໃນອາທິດນີ້

The economic data highlights of the week will be the Census Bureau’s durable goods report for April on Monday and the Institute for Supply Management’s Services Purchasing Managers’ Index for May on Tuesday.

The Reserve Bank of Australia will announce a monetary-policy decision on Tuesday. Futures markets are pricing in roughly one-in-three odds of a 12th-straight interest-rate increase.

ວັນຈັນ 6 / 5

ສຳ ນັກ ສຳ ມະໂນຄົວ reports factory orders, which include durable and nondurable goods, for April. Total orders are expected to increase 0.9% month over month after a 0.4% gain in March.

Gitlab reports first-quarter fiscal-2024 earnings.

ສະຖາບັນຄຸ້ມຄອງການສະ ໜອງ releases its Services Purchasing Managers’ Index for May. The consensus estimate is for a 52.1 reading, roughly even with the April data. Resilient consumers, aided by a healthy labor market, have helped the index post only one reading below the expansionary below of 50 since May of 2020.

ວັນອັງຄານ 6/6

Ciena, Ferguson, and J.M. Smucker report quarterly results.

BorgWarner

hosts its 2023 investor day in New York.

ທະນາຄານ ສຳ ຮອງ of Australia announces its monetary-policy decision. Traders are pricing in a 33% chance that the central bank will raise its cash-rate target a quarter of a percentage point, to 4.1%. The RBA has raised its key interest rate 11 times since April of last year, bringing the cash-rate target from 0.1% to 3.85%.

ວັນພຸດ 6 / 7

Brown-Forman, Campbell Soup, GameStop, and Trip.com announce earnings.

ສະຫງວນລັດຖະບານກາງ reports consumer credit data for April. In the first quarter, total consumer credit increased at a seasonally adjusted annual rate of 5.4%, to a record $4.85 trillion. Nonrevolving credit, such as home mortgages and auto loans, rose 3.1%. Revolving credit—mostly credit-card debt—jumped 12.3%, as consumers’ excess savings from the pandemic continue to dwindle.

ວັນພະຫັດ 6 / 8

DocuSign and Vail Resorts hold conference calls to discuss quarterly results.

Cardinal Health

hosts an investor day in New York. The company will discuss its long-term financial outlook and growth strategies.

ພະແນກແຮງງານ reports initial jobless claims for the week ending on June 3. Claims averaged 229,500 in May and have normalized to historical averages after an 18-month period of being below trend. Despite this, job openings surprised Wall Street this past week by surging past the 10 million mark after two months below than that level.

ສະຫງວນລັດຖະບານກາງ releases the Financial Accounts of the United States for the first quarter. The report details the net worth of U.S. households. At the end of 2022, the net worth of households and nonprofits stood at $147.7 trillion, about $4 trillion less than the peak hit in the first quarter of 2022. With the S&P 500 up 7% in the first quarter a new high might be in sight.

ວັນສຸກ 6 / 9

NIO reports first-quarter fiscal-2023 earnings.

ຂຽນຫາ Nicholas Jasinski ຢູ່ [email protected]