Highlights
Eurozone producer price contraction is expected to ease to 4.3 percent in May which would compare with 5.7 percent contraction in April.
Forecasters see ADP's June employment number at 163,000. This would compare with May growth in private payrolls reported by the Bureau of Labor Statistics of 229,000. ADP's number for May was 152,000.
Among other US data, a deficit of $76.0 billion is expected in May for total goods and services trade which would compare with a $74.6 billion deficit in April. Advance data on the goods side of May's report showed a steep $2.6 billion deepening in the deficit.
New jobless claims for the June 29 week are expected to come in at 235,000 versus 233,000 in the prior week.
No change at the mid-month's 55.1 is the consensus for the services US PMI's June final. This index ended May at 54.8.
Factory orders are expected to rise 0.3 percent in May versus April's 0.7 percent gain. Durable goods orders for May, which have already been released and are one of two major components of this report, edged 0.1 percent higher on the month.
Backed by new orders, US ISM services jumped 4.4 points in May to a better-than-expected 53.8, with June's consensus at a slightly lower 53.0.
In Canada, the trade balance for May is seen in deficit at C$1.6 billion versus April's deficit of C$1.047 billion and March's deficit of C$1.985 billion.
New York Federal Reserve Bank President John Williams will participate in"Panel 2: Drivers of Equilibrium Interest Rates" before the hybrid European Central Bank Forum on Central Banking 2024 at 7 a.m. EDT (1100 GMT).
Australia's trade surplus for May is forecast to have widened further to A$6.7 billion after surging to A$6.548 billion in April from a revised A$4.841 billion in March due to a sharp drop in imports.
Forecasters see ADP's June employment number at 163,000. This would compare with May growth in private payrolls reported by the Bureau of Labor Statistics of 229,000. ADP's number for May was 152,000.
Among other US data, a deficit of $76.0 billion is expected in May for total goods and services trade which would compare with a $74.6 billion deficit in April. Advance data on the goods side of May's report showed a steep $2.6 billion deepening in the deficit.
New jobless claims for the June 29 week are expected to come in at 235,000 versus 233,000 in the prior week.
No change at the mid-month's 55.1 is the consensus for the services US PMI's June final. This index ended May at 54.8.
Factory orders are expected to rise 0.3 percent in May versus April's 0.7 percent gain. Durable goods orders for May, which have already been released and are one of two major components of this report, edged 0.1 percent higher on the month.
Backed by new orders, US ISM services jumped 4.4 points in May to a better-than-expected 53.8, with June's consensus at a slightly lower 53.0.
In Canada, the trade balance for May is seen in deficit at C$1.6 billion versus April's deficit of C$1.047 billion and March's deficit of C$1.985 billion.
New York Federal Reserve Bank President John Williams will participate in"Panel 2: Drivers of Equilibrium Interest Rates" before the hybrid European Central Bank Forum on Central Banking 2024 at 7 a.m. EDT (1100 GMT).
Australia's trade surplus for May is forecast to have widened further to A$6.7 billion after surging to A$6.548 billion in April from a revised A$4.841 billion in March due to a sharp drop in imports.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
