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Markets will be waiting for two key reports in the U.S. on Wednesday: durable goods and pending home sales. Both are expected to show some improvement. Here’s what you need to know.
- Finland starts things off at 2:00 a.m. on Friday morning with June business confidence figures. There is no consensus for the report, which last registered at -12.
- Spanish retail sales follow at 3:00 a.m., with expectations for an 8.1 per cent decline in May.
- Italian business confidence hits at 4:00 a.m., with forecasts for a 70 basis point decline to 85.5 in June.
- Norwegian unemployment will also be released at 4:00, with consensus for no change at 3.0 per cent in April.
- The Confederation of British Industry announces sales figures at 6:00 a.m. The index is expected to fall 6 points to 15.
- German CPI hits at 8:00 a.m. Expectations are for no sequential change in June, representing a 1.8 per cent gain year-on-year.
- Attention shifts to the U.S. at 8:30 a.m. with the Durable Goods report. Economists forecast orders accelerated 0.4 per cent sequentially in May.
- Closing out the day at 10:00 a.m. is pending home sales. May sales are projected to advance 1.5 per cent month-on-month.
Below, the key earnings announcements scheduled for the day.
Lennar (LEN): $0.17
General Mills (GIS): $0.59
Monsanto (MON): $1.53
Progress Software (PRGS): $0.22
Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.
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