The Business Week Ahead

Last week's employment report — and dip backwards for average hourly earnings — points to economic growth without the risk of a Fed rate hike, a combination that is proving very helpful for stocks. This week's calendar includes import & export prices on Friday which are expected to show extended contraction in what would underscore the weakness of cross-border demand and weakness of global prices. Otherwise the calendar is very light with jobless claims on Thursday the only other market-moving data.