US: Focus on jobless claims and PPI data – TDS

Analysts at TD Securities suggest that the market is looking for the US PPI inflation to hold steady at 3.4% y/y in July, with producer prices up 0.2% m/m.

Key Quotes

“Core PPI should also see a 0.2% increase while initial jobless claims are expected to edge higher to 220k for the week of August 4th.”

“Chicago Fed President Evans is also scheduled to hold an on-record briefing at 13:00 ET with reporters.”

“Canada: TD looks for July housing starts to cool to 230k from 248k the prior month, slightly above the market consensus for 220k. Multi-unit starts should drive the slowdown after an outsized gain last month.”