U.S. Trade Deficit Might Narrow Further To This Level In June, Here Are The Major Macro Issues For Thursday

The Dow Jones closed higher by more than 400 points on Wednesday following strong projections from PayPal Holdings, Inc. PYPL and CVS Health Corporation CVS

Below is a look at the major economic reports scheduled for release today.

• The Challenger job-cut report for July is scheduled for release at 7:30 a.m. ET.
• International trade report for June will be released at 8:30 a.m. ET. Analysts expect a deficit of $81.9 billion for total goods and services trade in June, compared to a $85.5 billion gap in the previous month.
• Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Jobless claims are expected to come in at 260,000 for the July 30 week, up from 256,000 in the previous week.
• The Energy Information Administration’s weekly report on natural gas stocks in underground storage will be released at 10:30 a.m. ET.
• The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
• Federal Reserve Bank of Cleveland President Loretta Mester is set to speak at 12:00 p.m. ET.

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