July 20, 2011
Canada Real Estate
A big week for earnings season is ahead (with reports from IBM, Bank of America, Goldman Sachs, Wells Fargo, Apple, Microsoft, and GE, among others) and the debt ceiling debate will certainly rage on, and both of these could impact the markets. Also, the middle of the week is chock full of economic reports. Look for:
A double does of housing news with Tuesday’s Housing Starts and Buildings Permits Report and Wednesday’s Existing Home Sales Report.
Thursday brings another weekly Initial and Continuing Jobless Claims Report. Last week’s Initial Jobless claims fell 22,000 to 405,000 and while the decline is good news, better news will be when Jobless Claims consistently fall below the 400,000 level.
Thursday also brings the Philadelphia Fed Report, which is considered an important manufacturing indicator.