March 23, 2023

Looking Ahead: Economic Reports for the Week of Oct. 29

ECONOMIC REPORTS Economic information to be released this week includes personal income and spending for September and the Chicago Federal Reserve Midwest manufacturing index (Monday); the Standard Poor’s/Case-Shiller home price index for August and consumer confidence for October (Tuesday); the Institute for Supply Management manufacturing index for October, construction spending for September, weekly jobless claims, retail sales for October and ADP employment for October (Thursday); and unemployment for October (Friday).

CORPORATE EARNINGS Companies scheduled to release quarterly earnings reports include Burger King Worldwide (Monday); Deutsche Bank, Standard Chartered, UBS, Ford Motor, Chrysler, Pfizer and BP (Tuesday); Barclays and General Motors (Wednesday); Exxon Mobil, American International Group and Starbucks (Thursday); and Royal Bank of Scotland, Chevron, the Washington Post Company and Chesapeake Energy (Friday).

IN THE UNITED STATES On Monday, the insider trading trial of Anthony Chiasson and Todd Newman, formerly of the hedge fund Level Global, begins with jury selection in Federal District Court in Manhattan, and the federal bankruptcy court in Manhattan will take up a deal under which Eastman Kodak would pay its retirees $7.5 million in cash and grant them $650 million in claims.

On Tuesday, American Airlines’ parent, AMR, will ask the bankruptcy court for permission to obtain up to $1.5 billion in new bond financing.

On Thursday, automakers will report their North American sales for October.

OVERSEAS On Monday, Prime Minister Mariano Rajoy of Spain is set to meet the Italian prime minister, Mario Monti, in Madrid for talks on the economic crisis.

On Thursday, Chancellor Angela Merkel of Germany is scheduled to meet Prime Minister Enda Kenny of Ireland for talks.

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