Economic Data Scheduled For Thursday

Data on durable goods orders for May will be released at 8:30 a.m. ET. New orders are projected to rise 10% for May, versus a 17.7% drop in April.
Gross Domestic Product report for the first quarter is scheduled for release at 8:30 a.m. ET. The third estimate for GDP is likely to remain unrevised at 5% contraction.
Data on international trade in goods for May will be released at 8:30 a.m. ET. The US goods deficit is projected to shrink to $68.2 billion last month from April’s $70.7 billion.
Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect 1.38 million new claims for the June 20 week versus 1.508 million claims in the June 13 week.
Data on corporate profits for the first quarter will be released at 8:30 a.m. ET.
Data on retail and wholesale inventories for May will be released at 8:30 a.m. ET.
Dallas Fed President Robert Kaplan is set to speak at 9:30 a.m. ET.
The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
The Kansas City Fed manufacturing index for June is scheduled for release at 11:00 a.m. ET. The index is expected to rise to -9 in June from a reading of -19 in May.
Federal Reserve Bank of Atlanta President Raphael Bostic will speak at 11:00 a.m. ET.
The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
Federal Reserve Bank of Cleveland President Loretta Mester is set to speak at 12:00 p.m. ET.
The Treasury will auction 7-year notes at 1:00 p.m. ET.
Data on money supply for the recent week will be released at 4:30 p.m. ET.

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Economic Data Scheduled For Thursday