1. Paris Air Show: All eyes are on Boeing as the Paris Air Show kicks off Monday.
Trump’s meeting with Chinese President Xi Jinping on the sidelines of the G20 summit is highly anticipated, though it’s unclear if the two leaders will be able to reach a truce on trade when they meet Saturday.
Trump said Wednesday that while a deal is possible, he’d be willing to impose substantial additional tariffs if no progress is made.
Markets could be jumpy the rest of the week as they wait for news.
2. Tariff hearings begin: Companies and trade groups are about to get their say on the wisdom of US tariffs on an additional $300 billion worth of Chinese exports.
H&M said that June sales are expected to pop 12% compared to the same time last year, indicating a solid start to the summer season. It also said it would open 45 fewer stores this year than previously expected.
Then there’s Nike (NKE), which reports earnings after US markets close on Thursday.
The company has been one of the strongest performers in retail in recent years. Sales grew 7% last quarter, including a 7% rise in its key North America market. Nike has been focusing on growing its women’s sneaker business and its online sales.
“We see women embracing the sneaker culture more and more every day,” Nike CEO Mark Parker said in March.
The company is also considered a global bellwether of consumer strength. Analysts will look to see if Nike has noticed any signs of a slowdown in the United States or China because of trade tensions.
3. Markets rise: Global stocks are starting off the week on a positive note.
The Dow is set to rise 60 points when US markets open, or 0.2%. The Nasdaq could jump 0.6% and the S&P 500 is set to increase 0.4%.
4. Coming this week:
Monday: Paris Air Show, US Treasury foreign ownership report
Tuesday: Adobe earnings, US housing starts, US Senate hearing on tariffs
Wednesday: Fed decision and press conference, earnings from Oracle (ORCL) and Barnes & Noble (BKS)
Thursday: US leading indicators, Bank of England rate decision, earnings from Kroger (KR) and Red Hat (RHT)
Friday: US existing home sales, Markit flash US manufacturing PMI