What to Watch in the Day Ahead - Friday, June 21
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On the U.S. economic calendar, S&P Global is due to report flash Purchasing Managers’ Index (PMI) data for June. The flash manufacturing PMI reading is expected to be 51, compared to 51.3 in May. The flash services PMI is likely to come at 53.7, after a reading of 54.8 in the previous month. The flash composite PMI is also on the radar. Separately, a report from the National Association of Realtors is expected to show that existing home sales dropped to 4.10 million units in May from 4.14 million units in the previous month.
Federal Reserve Bank of San Francisco President Mary Daly is scheduled to participate in the panel, “The Transformative Power of AI: How is Technology Changing Our Lives?" in coordination with Syracuse University and the Maxwell School of Citizenship and Public Affairs. (2215/0215)
Used car retailer CarMax is expected to report a lower first-quarter profit and revenue, hurt by lower profitability.
On the Canadian front, Statistics Canada is expected to report that retail sales likely increased 0.7% in April after dropping 0.2% in March. Canada’s producer prices data is expected to show a rise of 0.5% in May, after a 1.5% increase in the previous month.
Reporting by Indrishka Bose; Editing by Ravi Prakash Kumar
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