US: Focus on manufacturing data - TDS

Analysts at TD Securities suggest that the NY Empire manufacturing index is expected to bounce back into positive territory in July (mkt: +2.0), following the massive decline in June to -8.6 from 17.8 before.

Key Quotes

“The improvement would likely reflect some easing on trade worries that affected manufacturing sentiment in June (US-Mexico standoff and fallout in US-China talks pre-G20).”