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Options Trading News

April 29, 2013  Mon 12:45 AM CT

XLY: SEE CHART GET CHAIN FIND STRATEGIES
Macroeconomics are back in focus this week, with key data expected in the United States, Europe, and Asia.

Economic sentiment will be announced for the European Community early this morning and could affect stock prices. The first two U.S. releases are personal income and spending at 8:30 a.m. ET and pending home sales at 10 a.m. ET. Economists estimate that personal income rose by 0.3 percent and spending by 0.1 percent. Pending home sales are forecast to show an increase of 0.1 percent. Both reports cover March, so they are unlikely to have a major impact on trading.

Tomorrow attention turns to the Case Shiller home price index, the Chicago purchasing managers index, and consumer confidence. China will report its purchasing managers index late Tuesday night, followed by similar European data early the next morning.

Wednesday bring the first of three big employment-related headlines, ADP's survey of private-sector payrolls. The Institute for Supply Management's key index of manufacturing activity comes out later in the morning, and the Federal Reserve's interest-rate announcement follows in the afternoon.

On Thursday the Labor Department publishes weekly jobless claims, and the European Central Bank releases its monetary policy.

Friday's monthly non-farm payrolls report usually has a broad influence on market sentiment. The two most important U.S. releases, ISM on Wednesday and payrolls on Friday, both missed estimates by a wide margin last month.
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