In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Saturday, June 03, 2023

Schedule for Week of June 4, 2023

by Calculated Risk on 6/03/2023 08:11:00 AM

The key report scheduled for this week is the April trade balance.

----- Monday, June 5th -----

10:00 AM: the ISM Services Index for May.   The consensus is for a reading of 52.5, up from 51.9.

----- Tuesday, June 6th -----

8:00 AM ET: CoreLogic House Price index for April.

----- Wednesday, June 7th -----

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

U.S. Trade Deficit 8:30 AM: Trade Balance report for April from the Census Bureau.

This graph shows the U.S. trade deficit, with and without petroleum. 

The blue line is the total deficit, and the black line is the petroleum surplus, and the red line is the trade deficit ex-petroleum products.

The consensus is the trade deficit to be $75.4 billion.  The U.S. trade deficit was at $64.2 Billion in March.

----- Thursday, June 8th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 238 thousand initial claims, up from 232 thousand last week.

12:00 PM: Q1 Flow of Funds Accounts of the United States from the Federal Reserve.

----- Friday, June 9th -----

No major economic releases scheduled.