US: Apart from Fed speak, PPI and jobless claims in the limelight - TDS

Research Team at TDS, suggests that the US producer prices are expected by the market to increase by 0.3% m/m due to higher gasoline prices, while TD looks for a more subdued gain of 0.2% m/m.

Key Quotes

“Excluding food and energy, prices should increase by a more modest 0.1% m/m (TD & market).

TD is also in line with the wider market in expecting the pace of initial jobless claims to rebound to 265k for the week ending July 9. Following last week’s dip to 254k, an on-consensus print should pull the 4-week moving average lower to 262k.

Looking to the Fed, both Lockhart and George are scheduled to speak tomorrow at 11:15 and 13:15, respectively.”