US: Focus on Q2 productivity and unit labor costs - BBH

Research Team at BBH, suggests that the US calendar features include Q2 productivity and unit labor costs. 

Key Quotes

“These are derived from the GDP figures and the weaker than expected growth warns of downside risks to productivity and upside risks to unit labor costs.  Given the significance of the inventory swing on recent quarterly GDP figures, the wholesale inventory report (June) may draw economists' attention. 

Canada reports housing starts, which is not typically a market-mover.”