May 13 (Bloomberg) -- U.S. retail sales dropped for a second month, indicating consumer spending slowed as the second quarter began, data in the coming week may show.
The euro area’s recession is likely to have extended into a sixth quarter in the January-March period. In China, retail sales and industrial production probably increased in April.
Cisco Systems Inc., Wal-Mart Stores Inc. and Sharp Corp. will be among companies releasing results.
The Cannes Film Festival will start in southern France, and the Preakness horse race will be run in Baltimore.
MONDAY, MAY 13
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