Market Overview

Economic Data Scheduled For Tuesday

  • The Johnson Redbook Retail Sales Index for the latest week is schedule for release at 8:55 a.m. ET.
  • The flash Composite Purchasing Managers' Index for June is scheduled for release at 9:45 a.m. ET. Analysts expect the manufacturing PMI to improve to 44.2 in June from previous reading of 39.8, while the services PMI is projected to rise to 44.0 versus 37.5.
  • New home sales report for May will be released at 10:00 a.m. ET. May's consensus is a 630,000 annual rate, versus April's 623,000 rate.
  • The Richmond Fed's manufacturing index for June is scheduled for release at 10:00 a.m. ET. The index is projected to rise to minus 5 in June, versus prior reading of minus 27.
  • The Treasury is set to auction 2-year notes at 1:00 p.m. ET.

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