Economic data week ahead : US focus...

......and earnings reports... 146 or 29% S&P500 companies

Mon : June new home sales ( est 355000 unit )

Tues : BP

Wed: TimeWarner, Aetna, ConocoPhillips

Thus : Exxon Mobil( est +1.03 2Q09 vs +2.27 2Q08), Travelers ( +1.28 vs +1.50), weekly unemployment claims

Fri : initial reading of 2Q GDP ( est. -1.5% vs -5.5% in 1Q09)