US: Philadelphia Fed and jobless claims in focus - TDS

Analysts at TDS suggest that the Philadelphia Fed Manufacturing Index and initial jobless claims will serve as the US data highlight amid a quiet day for economic releases.

Key Quotes

“The market expects the index to retreat further from the early 2017 highs with a decline to 23.7 in July from 27.6. The market consensus for initial jobless claims, the only other release of the day, is for a modest decline to 245k for the week of July 15.”