June Chicago PMI in key focus, rebound expected – TDS

FXStreet (Barcelona) – Previewing the key data releases ahead in the US, the TD Securities Team expects June Chicago PMI to rebound to 52.0 and Consumer confidence to slip modestly to 94.5.

Key Quotes

“The June Chicago PMI report will be the key point of focus on the domestic front even as investors continue to look to Greek developments for direction. We look for the Chicago PMI to rebound to 52.0 from 46.2, pointing to improvement in domestic economic momentum.”

“June consumer confidence will also be closely watched, and we look for the Conference Board measure to slip just modestly to 94.5 from 95.4.”

“The S&P/Case-Shiller home price index should rise 1.00% m/m, bringing the index to 5.80% y/y.”

“On the speaker circuit, Fed’s Bullard (hawk, non-voter) will make remarks on the economy.”

Previewing the key data releases ahead in the US, the TD Securities Team expects June Chicago PMI to rebound to 52.0 and Consumer confidence to slip modestly to 94.5.

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