Economic Calendar 6/1/2015

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Monday June 1, 2015

 

Economic Calendar 6/1/2015

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Morning Notes

US Futures  are unchanged this morning ahead of economic data including May ISM Manufacturing and personal spending which are both expected to show an increase in growth. European stocks are trading slightly higher. Asian markets closed mixed.

 

Technicals

The $SPY tested descending resistance of $212.50 on Friday and rejected it closing lower at $211.14, just above support. Resistance will remain at $212.50 and support is at $210.90.

SPY_6_1

In Play

VBLT: Vascular Biogenics – The Company announced positive Phase II results of its brain cancer treatment trials which treats malignant brain tumors. Gapping up 20% with a 6.4M share float.

ONTY: Oncothyreon – The Company reported positive data from its study ONT-380, an orally active treatment for breast cancer. The Company also had positive feedback from the ASCO conference on Sunday, May 31. Gapping up 30% with a 86M share float.

PRAN: Prana Biotech – The Company announced that is has received “Orphan Drug Designation” from Europe to treat huntington’s disease. Gapping up 20% with a 45.6M share float.

Economic Calendar

8:30 Core PCE (MoM) – Prior 0.20%

8:30 Core PCE (YoY) [Apr] – Prior 0.30%

8:30 Personal Income (MoM) [Apr] – Consensus 0.30%

8:30 Personal Spending (MoM) [Apr] – Consensus 0.10%

9:45 Markit Manufacturing PMI – Final Read [May] – Consensus 53.8

10:00 ISM Mfg. PMI [May] – Consensus 51.45

10:00 ISM Prices Paid [May]

10:00 Construction Spending (MoM) [Apr]

 

Earnings Before Open

NONE

 

Earnings After Close

PVH: PVH Corp. – EPS Est. $1.38, Rev Est. $1.86B
Happy Trading!

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