U.S. Import Prices Might Decline By This Much In July, Here Are The Major Macro Issues For Friday

U.S. stocks closed mixed on Thursday following the release of PPI data for July. Shares of Walt Disney Co DIS jumped around 4.7% on Thursday 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 import and export prices for July will be released at 8:30 a.m. ET. Import prices, which rose 0.2% month-over-month in June, are expected to decrease 0.9% in July. Analysts, meanwhile, expect a monthly rise of only 0.1% for export prices.
• The University of Michigan's consumer sentiment index for August is scheduled for release at 10:00 a.m. ET. Consumer sentiment, which has remained depressed in the low 50s range, is likely to hold in the preliminary reading for August also. Analysts, however, expect a slight improvement in consumer sentiment to 52.2 for August versus July's reading of 51.5.
• The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.

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