Analysts at TDS suggest that the US data flow is light ahead of the July 4th holiday with factory orders and motor vehicle sales making up the calendar.
Key Quotes
“Markets look for unchanged May factory orders while durable goods orders are expected to remain unrevised from the preliminary 0.6% decline. Meanwhile, consensus looks for a modest increase in motor vehicle sales to 17.0m units (saar) in June, up from 16.8m the prior month.”
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