U.S. Producer Price Index Might Rise By This Much In July, Here Are The Major Macro Issues For Thursday

U.S. stocks closed sharply higher on Wednesday following the release of inflation data for July. Shares of Walt Disney Co DIS jumped around 6.9% in after-hours trading on Wednesday after the company reported better-than-expected Q3 results.

Let’s have a look at the major economic reports scheduled for release today.

• Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims coming in at 260,000 for the August 6 week, unchanged from the previous week.
• The Producer Price Index for July is scheduled for release at 8:30 a.m. ET. After increasing 1.1% in June, producer prices are likely to slow to a rise of 0.3% in July.
• The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
• The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
• The Treasury will auction 30-year bonds at 1:00 p.m. ET.

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