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Monday s Market Minute: Three Major Focal Points

Procter & Gamble (NYSE: PG), and Lockheed Martin (NYSE: PG) to begin the week. Second, we’ve got some closely-watched economic data scheduled for release; it looks like a slow start to the week, but keep an eye on Redbook Tuesday after last week’s strong Retail Sales release. Wednesday, we have the Mortgage Apps, a 20-Year Bond auction, and Crude Inventories. Later in the week it’ll be all about housing data, with Existing Home Sales Thursday and New Home Sales Friday. The weekly Jobless report will also be a focal point, but I feel like the focus has shifted away from the high-frequency weekly data more to the monthly report again. Don t forget, we also have central bank activity: the Bank of Canada Wednesday and the ECB Thursday. The BOC could taper bond purchases, and neither are expected to change lending rates.

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