Wednesday:
• At 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 8:30 AM: Retail sales for April is scheduled to be released. The consensus is for 0.3% increase in retail sales.
8:30 AM: The New York Fed Empire State manufacturing survey for May. The consensus is for a reading of 9.9, down from 10.1.
• At 9:15 AM: The Fed will release Industrial Production and Capacity Utilization for April. The consensus is for a no change in Industrial Production, and for Capacity Utilization to be unchanged at 78.8%.
• At 10:00 AM: The May NAHB homebuilder survey. Any number above 50 indicates that more builders view sales conditions as good than poor.
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