US: Goods trade deficit, wholesale inventories and pending home sales in focus - TDS

Advance goods trade for May will serve as the highlight amid a quiet day for data and Fed speakers in the US session, suggests the research team at TDS.

Key quotes

“The market consensus is for the goods trade deficit to narrow to $66.0bn from $67.1bn. Preliminary wholesale inventories for May will be published simultaneously and markets expect +0.2%, which represents a partial recovery of the 0.5% decline in April. Pending home sales for May are the only other scheduled release and consensus looks for +1.0%/mth.”