U.S. STOCK PREVIEW Monday, June 10th, 2013

This week’s U.S. economic schedule is very light until later in the week. Thursday brings initial unemployment claims (expected -1,000 to 345,000) and May retail sales (expected +0.4% headline and +0.3% ex-autos). Friday brings the May PPI (expected +1.4% y/y vs +0.6% y/y in April), Q1 current account deficit (expected slightly wider at -$112.4 billion vs -$110.4 billion in Q4), May industrial production (expected +0.2% after April’s -0.5%), and early-June U.S. consumer confidence index (expected unch at 84.5). The Treasury on Tuesday through Thursday will sell $66 billion in 3-year, 10-year, and 30-year securities.
There is one earnings report today from the Russell 1000 companies today: Navistar (consensus -$1.20). Conferences this week include: Entertainment Software Association E3 Expo-Media Day on Mon, ABA Regulatory Compliance Conference on Mon-Tue, EMEA Middle Market Conference 2013 on Tue, EnerCom London Oil & Gas Conference on Tue, Deutsche Bank dbAccess Global Consumer Conference on Mon-Wed, 12th International Cloud Expo on Mon-Thu, Apple Worldwide Developers Conference (WWDC) 2013 on Mon-Fri,
Cowen Securities Global Transportation Conference on Tue, Morgan Stanley Financials Conference on Tue-Wed, Goldman Sachs Healthcare Conference on Tue-Thu, William Blair Growth Stock Conference on Tue-Thu, Lazard Capital Markets Solid State Storage Conference on Wed, Goldman Sachs Global HealthCare Conference on Wed-Thu, Piper Jaffray Consumer Conference on Wed-Thu, and Deutsche Bank Global Industrials and Basic Materials Conference on Wed-Fri.