CPI data, opening salvo of profits on board

June’s Consumer Price Index (CPI) to fall on Thursday

Earnings season returns next week, with the usual suspects from the banking sector at the forefront. JPMorgan Chase The plans also include shares of companies (JPM), Wells Fargo (WFC) and Citigroup (C), as well as well-known brands Delta Airlines (DAL) and PepsiCo (ENERGY). On the economic data front, investors will unpack consumer credit and wholesale inventories, but the brunt will rest on the Consumer Price Index (CPI) and Producer Price Index (PPI) readings for June.

Below is a list of key market events scheduled for the coming week. All economic dates listed below are preliminary and subject to change.

Monday, July 8 The week starts off calmly, with only consumer credit on the list.

NFIB Optimism Index to be released Tuesday, July 9.

Continuing the slow-paced mood of the week, Wednesday, July 10 will only store wholesale inventory.

Things are picking up speed Thursday, July 11,with employment data, regular and core consumer price index, core and non-core CPI year over year, news on the monthly US federal budget and a speech by St. Louis Fed President Alberto Musalema. Delta and Pepsi will release results before the open.

Expected for Friday, July 12th are the Producer Price Index, Year-over-Year PPI, Core PPI and Year-over-Year, as well as preliminary consumer sentiment data. JPM, C Banks, and WFC will dominate the morning headlines with earnings reports.