Jobless claims lead economic calendar
Evan McDaniel | [email protected]
New unemployment filings are expected to rise to 375,000 from 374,000 last week, within an estimated range of 355,000 to 395,000. Continuing claims are expected to come in at 3.3 million, down from the previous week's 3.306 million.
Export prices for June are forecast at -0.2 percent, a rise from May's -0.4 percent and within an estimated range of -0.7 percent to 0.2 percent. Import prices for June are expected at -1.9 percent for June, a decline from May's -1.0 percent and within a range of -2.8 percent to -0.1 percent.
The weekly Bloomberg Consumer Comfort Index is scheduled for 9:45 a.m. ET, followed by the EIA natural-gas inventory report at 10:30 a.m. ET. A 30-year Treasury bond auction will begin at 1 p.m. ET.
The Treasury budget for June will be released at 2 p.m. ET. The consensus expectation is a print of -$75 billion, compared with -$124.6 billion in May. Estimates range from $-80 bllion to -75 billion.
Closing out the calendar will be a speech by San Francisco Federal Reserve Bank President John Williams at 3:40 p.m. ET.