European markets are called to open higher.
Asian stocks rose following the longest series of weekly losses since June after U.S. retail sales increased by the most in four months and Japan’s second- quarter gross domestic product beat economist estimates.
US stocks are called to open higher.
Events this week
Monday — Investors will get the Empire Statement manufacturing index at 8:30 a.m. ET. The manufacturing survey fell into negative territory in July, which means manufacturing activity contracted during the period. Investors will be looking to see if that trend continues for a second month.
Economists surveyed by Briefing.com expect the Empire State index to stay negative, coming in at a reading of -0.4.
Retailers will be reporting their results throughout the week. On Monday, Urban Outfitters (URBN) and home improvement chain Lowe’ (LOW, Fortune 500) will report their results. Analysts expect that Lowe’ earned 66 cents a share and Urban Outfitters earned 32 cents a share.
Tuesday — The Federal Reserve’ July industrial production figures will be released at 9:15 a.m. ET. Economists forecast that industrial production picked up by 0.4% last month, a slight increase from the 0.2% increase in June.
Other economic reports out on Tuesday include July housing starts and building permits, as well as import/export prices and capacity utilization figures.
Three big companies will report their results on Tuesday: Wal-Mart (WMT, Fortune 500), Home Depot (HD, Fortune 500) and PC maker Dell (DELL, Fortune 500).
Wal-Mart, the world’ largest retailer, is expected to report a profit of $1.08 a share when it reports before the opening bell. Home Depot is expected to earn 83 cents a share.
Dell, which reports after the bell, should post a profit of 49 cents a share, according to analysts surveyed by Thomson Reuters.
Wednesday — Before the bell, Wall Street will get earnings results from farm equipment maker Deere (DE, Fortune 500), which is expected to earn $1.67 per share, as well as discount retail chain Target (TGT, Fortune 500), expected to earn 97 cents a share.
The Labor Department will release its July producer price index, also known as wholesale inflation, at 8:30 a.m. ET. Economists expect July PPI was flat, after being down 0.4% in June.
Thursday — Investors will get weekly jobless claims and the July consumer price index from the Labor Department at 8:30 a.m. ET. Weekly jobless claims are expected to by 5,000 claims to 400,000. Inflation is expected to remain tame, rising 0.2% after falling 0.2% in June.
Dow component Hewlett Packard (HPQ, Fortune 500) reports its quarterly results after the closing bell on Thursday. Analysts are looking for the tech giant to post a profit of $1.09 per share.
Other companies reporting on Friday include Gap (GPS, Fortune 500), Sears Holdings (SHLD, Fortune 500) and video game retailer GameStop (GME, Fortune 500).
Friday — There are no company reports or economic data for investors to work through on Friday.