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A look at the week ahead
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February 27, 1998: 8:33 p.m. ET
Upcoming financial events for the week ending March 7, 1998
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NEW YORK (CNNfn) - The following are some of the main financial events scheduled for the week ending Mar. 7.
Retailers continue to dominate the expected quarterly earnings reports, with chains expected to report during the week including Staples and Tiffany & Co. Kmart also is expected to report fourth-quarter earnings, although an exact date hasn't yet been set.
Monday, March 3, 1998
Economic Indicators:
-Personal Income & Spending
-Construction Spending
-National Association of Purchasing Managers Index (January figure: 52.4; predicted: 52.4)
-Auto Sales (partial)
Events:
- Asia Society address: U.S. Secretary of Commerce William M. Daley is scheduled to make his first speech after a recent tour of Japan, Korea and Singapore, on the topic of "Asian Turmoil and What's Ahead."
Tuesday, March 4, 1998
Economic Indicators:
-BTM Sales Indicators
-Index of Leading Economic Indicators
-New Home Sales
-Johnson Redbook
Earnings Reports:
Dayton-Hudson Corp. (DH) - Fourth- quarter earnings report, First Call consensus estimate $1.46 vs. $1.27 a year ago.
Federated Department Stores Inc. (FD) - Fourth-quarter earnings report, First Call consensus estimate $1.64 vs. $1.55 a year ago.
OfficeMax Inc. (OMX) - Fourth-quarter earnings report, First Call consensus estimate 32 cents vs. 24 cents a year ago.
The Sports Authority Inc. (TSA) - Fourth- quarter earnings report, First Call consensus estimate 35 cents vs. 50 cents a year ago.
Events:
- Federal Open Market Committee (FOMC) meeting (through Wednesday.
- Senate Judiciary Committee hearing: competition and the Internet. Witnesses will include Sun Microsystems Inc. CEO Scott McNealy, Netscape Communications Corp. CEO Jim Barksdale and Microsoft Corp. Chairman Bill Gates.
- Senate Banking Committee hearing: the 1997 Financial Regulatory Relief and Economic Efficiency Act, first of two hearings on the bill introduced by Sen. Richard Shelby (R-Ala.) and Sen. Connie Mack (R-Fla.).
- Independent Bankers Association of America 1998 National Convention and Techworld. Federal Reserve Chairman Alan Greenspan is scheduled to give the keynote speech.
Wednesday, March 5, 1998
Economic Indicators:
-Housing Completions
-Treasury Refunding
Earnings Reports:
Tiffany & Co. (TIF) - Fourth-quarter earnings report, First Call consensus estimate $1.16 vs. $1.00 a year ago.
Events:
- Energy Information Administration report on petroleum inventories.
Thursday, March 6, 1998
Economic Indicators:
-Factory Durable Goods Orders
-Initial Jobless Claims
-Money Supply
-Chain Store Sales
Earnings Reports:
Staples Inc. (SPLS) - Fourth-quarter earnings report, First Call consensus estimate 23 cents vs. 19 cents a year ago.
Events:
- Investment Company Institute releases weekly retail money market mutual funds report.
- Weekly Interest Rates: Federal Home Loan Mortgage Corp. releases rates for 30- and 15-year mortgages and adjustable rate mortgages.
Friday, March 7, 1998
Economic Indicators:
-Employment Data (January figure: 358,000 new jobs in January; predicted: 247,000)
-ECRI Inflation Gauge
-Consumer Credit
Events:
- Federal Reserve releases large commercial banks conditions report.
- President's Commission to Study Capitol Budgeting meeting. Scheduled to speak are Treasury Secretary Robert Rubin and Assistant Secretary David Wilcox. 
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