Today Is Going To Be Stacked With Data

bricks

Photo: Fruggo, Wikimedia Commons

Just a heads up: Today is going to be stacked with economic data in the US.From BI’s Eric Platt

  • Attention shifts to the U.S. at 8:30 a.m. with initial unemployment claims. Economists predict the number of first time filers declined by 3,000 week-on-week to 383,000.
  • At 9:00, Markit will release a preliminary reading of June PMI. Expectations are for a 70 basis point fall to 53.3.
  • The Philadelphia Federal Reserve will release its monthly reading of business activity at 10:00 a.m. Economists see the headline index increasing to 0 from -5.8 in May.
  • Also closing out the day at 10:00 are existing home sales and leading indicators. Annualized existing home sales are seen falling to 4.57 million in May from 4.62 million. The leading indicators index is forecast to show a 10 basis point gain in May.

We’ll be covering it all here LIVE.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.