U.S. Trade Deficit Might Shrink This Much In May, Here's The Major Macro Issues For Thursday

The Nasdaq settled higher on Wednesday, with shares of Meta Platforms, Inc. META gaining around 1% in the previous session. Meta prosecuted Octopus Data, the U.S. subsidiary of a Chinese national high-tech enterprise Shenzhen Vision Information Technology Co.

Below is a look at the major economic reports scheduled for release today.

  • The Challenger job-cut report for June is scheduled for release at 7:30 a.m. ET.
  • The ADP national employment report for June is scheduled for release at 8:15 a.m. ET. Analysts expect June’s private payrolls rising 200,000, compared to 128,000 growth in the previous month.
  • International trade report for May will be released at 8:30 a.m. ET. Analysts expect a deficit of $85.2 billion for total goods and services trade in May, compared with an $87.1 billion gap in the previous month.
  • Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Jobless claims are expected to decline slightly to 230,000 for the July 2 week, from 231,000 in the previous week.
  • 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 Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released 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 St. Louis President James Bullard is set to speak at 1:00 p.m. ET.
  • Federal Reserve Governor Christopher Waller will speak at 1:00 p.m. ET.

$10 Million Bet On This Stock? 3 Penny Stocks Insiders are Buying

Check out our premarket coverage here

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsEconomicsPre-Market OutlookMarketsEconomic Data
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!