July 9, 2020 Headlines

Treasury prices are slightly higher following another quiet overnight session from both a news and trading volume perspective.  U.S. equity futures have moved into positive territory following a better than expected weekly jobless claims report. Presidential candidate Joe Biden plans to unveil part of his economic agenda in a speech later today. The plan is expected to call for government spending to stimulate job creation in U.S. manufacturing and other sectors.

Jason Haley
Chief Investment Officer

DateEventSurveyActualPriorRevised
7/6/2020Markit US Services PMI46.947.946.7—
7/6/2020Markit US Composite PMI—47.946.8—
7/6/2020ISM Non-Manufacturing Index50.257.145.4—
7/7/2020JOLTS Job Openings4500539750464996
7/8/2020MBA Mortgage Applications—2.20%-1.80%—
7/8/2020Consumer Credit-$15.000b-$18.280b-$68.779b-$70.188b
7/9/2020Initial Jobless Claims1375k1314k1427k1413k
7/9/2020Continuing Claims18800k18062k19290k18760k
7/9/2020Bloomberg Consumer Comfort——43.3—
7/9/2020Wholesale Inventories MoM-1.20%—-1.20%—
7/9/2020Wholesale Trade Sales MoM4.50%—-16.90%—
7/10/2020PPI Final Demand MoM0.40%—0.40%—
7/10/2020PPI Ex Food and Energy MoM0.10%—-0.10%—
7/10/2020PPI Ex Food, Energy, Trade MoM0.10%—0.10%—
7/10/2020PPI Final Demand YoY-0.20%—-0.80%—
7/10/2020PPI Ex Food and Energy YoY0.40%—0.30%—
7/10/2020PPI Ex Food, Energy, Trade YoY-0.20%—-0.40%—
7/10/2020Bloomberg July United States Economic Survey

 

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