Tuesday, June 02, 2015

Wednesday: Trade Deficit, ADP Employment, ISM Non-Mfg Index, Beige Book

by Bill McBride on 6/02/2015 08:43:00 PM

This made me chuckle today ... "If the last seven years have taught investors anything, it’s to focus on the negatives and never change your mind." Josh Brown

Wednesday:
• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 8:15 AM, ADP Employment Report for May. This report is for private payrolls only (no government). The consensus is for 200,000 payroll jobs added in May, up from 169,000 in April.

• At 8:30 AM, Trade Balance report for April from the Census Bureau. The consensus is for the U.S. trade deficit to be at $43.9 billion in April from $51.4 billion in March. Note: The trade deficit increased sharply in March after the West Coast port slowdown was resolved in February. The deficit should decline significantly in April.

• At 10:00 AM, the ISM non-Manufacturing Index for April. The consensus is for index to decrease to 57.2 from 57.8 in April.

• At 2:00 PM, the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.