This holiday-shortened week is packed with economic news and events.
It starts early this morning with Japanese construction orders and housing starts. German retail sales and European inflation follow long before the opening bell in the United States.
The first item on this side of the Atlantic is the Dallas Federal Reserve's regional activity index at 9:30 a.m. ET. The Chicago Purchasing Managers Index 15 minutes later is expected to produce a reading of 61, down from 65.5 in May.
Pending home sales for May follow at 10 a.m. ET and are forecast to increase 1.5 percent, compared to a 0.4 percent gain the previous month.
Tomorrow brings several important manufacturing reports as purchasing managers indexes come out early in China and Europe and the Institute for Supply Management releases its monthly survey shortly after the start of U.S. trading. Construction spending and Paychex earnings are also on the agenda.
Wednesday features ADP's private-sector payrolls report, the first of three important job figures this week. European economic growth, mortgage applications and factory orders come out as well. Constellation Brands also reports earnings.
Thursday is the busiest session of the week because the market is closed for Independence Day on Friday. It starts early with the European Central Bank's interest-rate decision, followed by non-farm payrolls, initial jobless claims, and the ISM's service-sector report.
More From optionMONSTER