US: New homes sales and Markit manufacturing index in focus - TDS

According to analysts at TD Securities, US new homes sales are expected to rebound 5.3% m/m in June following two consecutive monthly contractions in April-May.

Key Quotes

“The Markit manufacturing index should give us the first full look at activity in the US manufacturing sector in July. The market expects a new gain to 51.0 building on the slight 0.1 uptick to 50.6 in June.”