The European Central Bank’s post-meeting briefing and U.S. economic data will occupy markets Thursday as traders await Friday’s April employment report.
Weekly jobless claims at 8:30 a.m. ET and the ISM non-manufacturing survey at 10 a.m. are both being watched for what they say about the state of the job market.
ISM manufacturing data on Tuesday was better than expected , and the non-manufacturing survey’s employment component could give some important clues on hiring in the services sector. There is also productivity and costs data at 8:30 a.m.
Retailers release monthly sales data Thursday, and there are dozens of companies reporting earnings , including GM, Kraft Foods, Apache, Beam, Cigna, Hyatt, Sara Lee and Viacom. AIG and LinkedIn report after the closing bell.
Thomson Reuters expects the sales of chain stores it follows to increase by 1.5 percent, with discount retailers the strongest and drug stores and teen apparel, the weakest.
The ECB is not expected to make any changes in rates.Page 1 of 3 | Next Page