iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Investors will grapple next week with major U.S. economic reports and the looming possibility of a Greek exit from the euro zone

I’d love to just let them fail and get this over with…

As contingency plans are made for Greece’s possible departure from the euro zone, investors may not get a clear picture until Greece holds elections on June 17. As a result, U.S. economic statistics may grab the spotlight during the holiday-shortened week.

Major releases include consumer confidence, gross domestic product and on Friday the May non-farm payrolls report, which could provide clues on whether the economy is running out of steam or has simply hit a soft patch.

U.S. financial markets will be closed on Monday for the Memorial Day holiday.

Corporate news next week is expected to be light, with the first-quarter earnings season largely in the rear view mirror. Among S&P 500 .SPXcompanies, only government contractor SAIC Inc (SAI.N) is scheduled to report next week

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