US
0730 ET Jun Challenger job cuts, May -4.8% y/y.
0815 ET Jun ADP employment change expected +190,000, May +178,000.
0830 ET Weekly initial unemployment claims expected -2,000 to 225,000, previous +9,000 to 227,000. Weekly continuing claims expected +13,000 to 1.718 million, previous -21,000 to 1.705 million.
1000 ET Jun ISM non-manufacturing PMI expected -0.3 to 58.3, May +1.8 to 58.6.
1100 ET EIA weekly Petroleum Status Report.
1100 ET Treasury announces amount of 3-year T-notes (previous $32 billion), 10-year T-notes (previous $22 billion) and 30-year T-bonds (previous $14 billion) to be auctioned Jul 10-12.
1400 ET Minutes of the Jun 12-13 FOMC meeting.
GER
0200 ET German May factory orders expected +1.1% m/m and +1.7% y/y, Apr -2.5% m/m and -0.1% y/y.
0330 ET German Jun Markit construction PMI, May +3.0 to 53.9.
UK
0400 ET UK Jun new car registrations, May +3.4% y/y.
JPN
1930 ET Japan May household spending expected -1.5% y/y, Apr -1.3% y/y.
2000 ET Japan May labor cash earnings expected +0.9% y/y, Apr +0.6% y/y. May real cash earnings expected unch y/y, Apr -0.2% y/y.
COMMODITY CALENDAR – THURSDAY 7/5/2018
Date Time Event Survey Prior
7/5/2018 11:00 DOE Total Fuel Ethanol Inventory 29-Jun — 21674k
7/5/2018 11:00 DOE Fuel Ethanol Total Production 29-Jun — 1072k
7/5/2018 11:00 DOE U.S. Crude Oil Inventories 29-Jun -5000K -9891k
7/5/2018 11:00 DOE Cushing OK Crude Inventory 29-Jun — -2713k
7/5/2018 11:00 DOE U.S. Gasoline Inventories 29-Jun -500K 1156k
7/5/2018 11:00 DOE U.S. Distillate Inventory 29-Jun -500K 15k
7/5/2018 11:00 DOE U.S. Refinery Utilization 29-Jun — 0.80%
7/5/2018 11:00 DOE Crude Oil Implied Demand 29-Jun — 20669
7/5/2018 11:00 DOE Gasoline Implied Demand 29-Jun — 10344.4
7/5/2018 11:00 DOE Distillate Implied Demand 29-Jun — 5447.9