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Market update: Eye on the Month Ahead (June 11)

Investors who sold in May and went away will get to see whether they guessed right as the Fed heads into the last month of its QE2 bond purchases; the rest will be trying to gauge how well the economy will fare without that support. Europe’s ongoing dilemma about its weaker members’ finances will reinforce concerns about the impact of potential debt restructuring on foreign banks.

Key dates and data releases: auto sales, manufacturing, construction spending (6/1); productivity/labor costs (6/2); unemployment/payrolls, services sector (6/3); consumer credit (6/7); Federal Reserve “beige book” (6/8); international trade (6/9); import/export prices, Treasury budget (6/10); wholesale inflation, retail sales (6/14); consumer inflation, industrial production, international capital flows (6/15); housing starts (6/16); quadruple witching options expiration, leading economic indicators (6/17); home resales (6/21); Federal Reserve Open Market committee announcement (6/22); new home sales (6/23); final Q1 gross domestic product (GDP), durable goods orders, corporate profits (6/24); personal income/spending (6/27); home prices (6/28).

Source: Broadridge Financial Solutions, Inc.

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