Looking Ahead: Week of June 10 through 15

Bottom line
The week was dominated by central bank activities as investors fretted about slowing economic growth. The festering problems with Spanish banks also put investors on alert. Economic data in Europe disappointed while data from Australia surprised on the positive side. Tensions will build as investors await the June 17th Greek election. But they will also be awaiting the results of France’s parliamentary elections scheduled for June 10th and June 17th to see if President François Hollande will get a majority. The Bank of Japan meets at the end of the week.

Looking Ahead: Week of June 11 through 15
The consumer, manufacturing, and inflation news are highlighted this week. With sluggish employment, retail sales on Wednesday will get extra attention along with sentiment on Friday. Durables orders have been soft, so traders will closely parse industrial production and Empire State. Lower oil prices may be boosting discretionary income so the PPI and CPI reports will be closely watched.