Wide range of data on tap this week

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This week's calendar offers a wide range of important economic data.

It starts in Europe before today's opening bell with manufacturing data from France, Germany, and the Eurozone. The big U.S. release comes at 10 a.m. ET when the Institute for Supply Management announces its pivotal manufacturing index for May. Economists expect a reading of 50.9, up from 50.7 in April.

Monthly automobile and truck sales follow at 2 p.m. ET, which could affect trading in that sector.

Wednesday brings service-sector data for Europe and the United States. It also features ADP's private-sector payrolls report and the Federal Reserve's beige book.

The European Central Bank announces interest rates the next day. Retailers also disclose monthly same-store sales for May, and the Labor Department will release weekly jobless claims.

The most important data point comes at 8:30 a.m. ET on Friday, when non-farm payrolls will be announced. There are few important quarterly reports from companies this week.

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