Last week was kind of light data-wise.
This week's upcoming slate of econ data, however is stacked with juicy morsels.
Here's a quick preview, with estimates from Nomura.
Monday:
Empire Fed Survey: Estimate -7.5 up from -8.8 previously.Industrial production: Estimate 77.2 down from 77.4 (due to Hurricane Irene).Tuesday:
Producer prices: Estimate -0.1%Wednesday:
Housing starts Estimate of +4.7% or 598K annualized due to Hurricane Irene Beige Book (no estimate)Thursday:
Jobless claims: Estimate 404KPhilly Fed Survey: Estimate -9.9 up from -17.5 previouslyExisting home sales: -2.5% after the 7.7% jump in August.Of course, it will be jam packed with Europe news, as Sarkozy and Merkel have promised a solution on banks and debt within just a few days.
Oh, and of course tons of earnings, which we'll be covering all week.
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