The economic and event calendar is somewhat limited today:
- Canada building permits for May will be released at 8:30 AM with expectations of a 7.0% increase after a -18.8% plunge last month. Data can be volatile on a month over month basis
- At 10 AM ET, US wholesale inventories for May are expected to fall by -0.1% versus -0.1% last month. Wholesale sales will also be released. They rose 0.2% last month.
- At 12 noon, Federal Reserve Bank of Atlanta Pres. Bostic will be speaking before a Chamber of Commerce audience
- At 3 PM, Bank of England Gov. Bailey and Finance Minister Jeremy Hunt at the annual Mansion House dinner
- Also at 3 PM ET, US Consumer Credit will be released with expectations of an increase of $20.50 billion versus $23.01 billion last month