Manufacturing, China data on docket


The economic calendar starts slow today but will grow more active as the week progresses.

The New York Federal Reserve will report its Empire State Manufacturing index at 8:30 a.m. ET this morning. Economists anticipate a reading of 2, versus -5.2 last month, but the report is unlikely to affect sentiment because of its narrow geographical focus.

This evening brings data on Chinese property prices, which could potentially affect trading in commodities and other emerging markets.

Tomorrow will see the National Association of Homebuilders index of sentiment, which could influence trading among companies such as Lennar and PulteGroup. (See researchLAB for others)

The activity continues with housing starts on Wednesday, and followed by jobless claims the next session. Durable-goods orders and the University of Michigan's consumer sentiment index, which both can impact sentiment, will conclude the week on Friday morning.

There are also earnings reports from software giant Oracle tomorrow afternoon and from athletic-clothing maker Nike and wireless device maker Research In Motion after the bell on Thursday.

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