Eurozone unemployment rises to record high 11.1%
In China, the National Bureau of Statistics said Sunday that the Manufacturing Purchasing Managers Index for June fell to 50.2 from 50.4 in May. The reading was just above the 50 mark that divides expansion from contraction in the manufacturing sector.
Wednesday marks the 236th anniversary of the nation’s independence and splits the week in half. The July Fourth holiday will probably result in low trading volumes, adding choppiness to the market.
European stocks were higher and Asian stocks ended mixed.
The national average price of gasoline fell four-tenths of a cent to $3.326 per gallon.
1000 ET June ISM manufacturing index expected -1.5 to 52.0, May -1.3 to 53.5. May ISM prices-paid sub-index expected -1.8 to 45.7, May -13.5 to 47.5.
1000 ET May construction spending expected +0.2%, Apr +0.3% m/m.
1100 ET USDA weekly grain export inspections.
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
1315 ET Fed’s Williams speaks in San Francisco.
1600 ET USDA Crop Progress.