US: Market eyeing initial jobless claims and import prices data - TDS

Research Team at TDS, suggests that the focus will shift on the release of initial jobless claims and import prices data in the US session.

Key Quotes

“Initial jobless claims are widely expected to dip modestly from 269k last week. TD looks for 262k, which is slightly below market 265k. Import prices are expected by both TD and the market to retreat by -0.4% m/m in June while a favourable base-year effect will stem the year-ago decline in prices to 4.3% from 4.8%.”