Treasuries reversed the trend from the past two days and sold off as investor appetite for risk assets improved. Equities and oil were buoyed by an easing in trade tensions between China and the US; comments from PBOC governor Yi Gang assuaged the market’s fear by promising to use monetary policy “comprehensively” in the event of any market shock. Later this morning, existing home sale data will come out with the market expecting a 1.1% month over month increase. Additionally, Fed Chair Powell will appear on a panel with ECB President Draghi, and the market will be looking to glean any information regarding the potential trade war from the former.
Hafizan Hamzah
Director, Investment Management Group
| Date Time | Event | Survey | Actual | Prior | Revised |
| 06/18/2018 | NAHB Housing Market Index | 70 | 68 | 70 | — |
| 06/19/2018 | Housing Starts | 1311k | 1350k | 1287k | 1286k |
| 06/19/2018 | Housing Starts MoM | 1.90% | 5.00% | -3.70% | -3.10% |
| 06/19/2018 | Building Permits | 1350k | 1301k | 1352k | 1364k |
| 06/19/2018 | Building Permits MoM | -1.00% | -4.60% | -1.80% | -0.90% |
| 06/20/2018 | MBA Mortgage Applications | — | 5.10% | -1.50% | — |
| 06/20/2018 | Current Account Balance | -$129.0b | -$124.1b | -$128.2b | -$116.1b |
| 06/20/2018 | Existing Home Sales | 5.52m | — | 5.46m | — |
| 06/20/2018 | Existing Home Sales MoM | 1.10% | — | -2.50% | — |
| 06/21/2018 | Initial Jobless Claims | 220k | — | 218k | — |
| 06/21/2018 | Philadelphia Fed Business Outlook | 29 | — | 34.4 | — |
| 06/21/2018 | Continuing Claims | 1710k | — | 1697k | — |
| 06/21/2018 | FHFA House Price Index MoM | 0.50% | — | 0.10% | — |
| 06/21/2018 | Bloomberg Economic Expectations | — | — | 54.5 | — |
| 06/21/2018 | Bloomberg Consumer Comfort | — | — | 55.8 | — |
| 06/21/2018 | Leading Index | 0.40% | — | 0.40% | — |
| 06/22/2018 | Markit US Manufacturing PMI | 56.1 | — | 56.4 | — |
| 06/22/2018 | Markit US Services PMI | 56.5 | — | 56.8 | — |
| 06/22/2018 | Markit US Composite PMI | — | — | 56.6 | — |
| 06/25/2018 | Chicago Fed Nat Activity Index | — | — | 0.34 | — |
| 06/25/2018 | New Home Sales | 670k | — | 662k | — |
| 06/25/2018 | New Home Sales MoM | 1.20% | — | -1.50% | — |
| 06/25/2018 | Dallas Fed Manf. Activity | 24 | — | 26.8 | — |
| 06/26/2018 | S&P CoreLogic CS 20-City MoM SA | — | — | 0.53% | — |
| 06/26/2018 | S&P CoreLogic CS 20-City YoY NSA | — | — | 6.79% | — |
| 06/26/2018 | S&P CoreLogic CS 20-City NSA Index | — | — | 208.62 | — |
| 06/26/2018 | S&P CoreLogic CS US HPI NSA Index | — | — | 198.94 | — |
| 06/26/2018 | S&P CoreLogic CS US HPI YoY NSA | — | — | 6.53% | — |
| 06/26/2018 | Richmond Fed Manufact. Index | 15 | — | 16 | — |
| 06/26/2018 | Conf. Board Consumer Confidence | 127.2 | — | 128 | — |
| 06/26/2018 | Conf. Board Present Situation | — | — | 161.7 | — |
| 06/26/2018 | Conf. Board Expectations | — | — | 105.6 | — |
| 06/27/2018 | MBA Mortgage Applications | — | — | 5.10% | — |
| 06/27/2018 | Wholesale Inventories MoM | — | — | 0.10% | — |
| 06/27/2018 | Durable Goods Orders | -0.70% | — | -1.60% | — |
| 06/27/2018 | Advance Goods Trade Balance | -$67.3b | — | -$68.2b | -$67.3b |
| 06/27/2018 | Durables Ex Transportation | 0.50% | — | 0.90% | — |
| 06/27/2018 | Retail Inventories MoM | — | — | 0.60% | 0.50% |
| 06/27/2018 | Cap Goods Orders Nondef Ex Air | — | — | 1.00% | — |
| 06/27/2018 | Cap Goods Ship Nondef Ex Air | — | — | 0.90% | — |
| 06/27/2018 | Pending Home Sales MoM | 1.00% | — | -1.30% | — |
| 06/27/2018 | Pending Home Sales NSA YoY | — | — | 0.40% | — |