Morning Markets Report

Prepared by Daniel on Tuesday, June 29, 2016

Summary The Dow Future is trending higher 92 points to 17393. The US Dollar Index dropped 0.145 points to 95.918. Gold is falling 0.595 dollars to 1318.005. Silver has climbed 0.235 dollars to 18.200. The Dow Industrials edged higher by 269.48 points, at 17409.72, while the S&P 500trended higher 35.55 points, last seen at 2036.09. The Nasdaq Composite moved higher by 94.35 points to 4688.79.

Key Events for Wednesday

7:00 AM ET. MBA Weekly Mortgage Applications Survey

Composite Idx (previous 522.2)

Composite Idx, W/W% (previous +2.9%)

Purchase Idx-SA (previous 231.9)

Purchase Idx-SA, W/W% (previous -2.4%)

Refinance Idx (previous 2189.4)

Refinance Idx, W/W% (previous +6.5%)

8:30 AM ET. May Personal Income & Outlays

Personal Income, M/M% (expected +0.3%; previous +0.4%)

Consumer Spending, M/M% (expected +0.4%; previous +1.0%)

PCE Price Idx, M/M% (previous +0.3%)

PCE Price Idx, Y/Y% (previous +1.1%)

PCE Core Price Idx, M/M% (expected +0.2%; previous +0.2%)

PCE Core Price Idx, Y/Y% (previous +1.6%)

10:00 AM ET. May Metropolitan Area Employment & Unemployment

10:00 AM ET. May Pending Home Sales Index

Pending Home Sales (previous 116.3)

Pending Home Sales Idx, M/M% (expected -2.0%; previous +5.1%)

Pending Home Sales Idx , Y/Y% (previous +4.6%)

10:30 AM ET. EIA Weekly Petroleum Status Report

Crude Oil Stocks (Bbl) (previous 530.626M)

Crude Oil Stocks, Net Chg (Bbl) (previous -0.917M)

Gasoline Stocks (Bbl) (previous 237.631M)

Gasoline Stocks, Net Chg (Bbl) (previous +0.627M)

Distillate Stocks (Bbl) (previous 152.314M)

Distillate Stocks, Net Chg (Bbl) (previous +0.151M)

Refinery Usage (previous 91.3%)

Total Prod Supplied (Bbl/day) (previous 20.01M)

Total Prod Supplied, Net Chg (Bbl/day) (previous -0.83M)

3:00 PM ET. June Agricultural Prices

Farm Prices, M/M% (previous

8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims

Jobless Claims (expected 265K; previous 259K)

Jobless Claims, Net Chg (previous -18K)

Continuing Claims (previous 2142000)

Continuing Claims, Net Chg (previous -20K)

8:30 AM ET. U.S. Weekly Export Sales

Corn (Metric Tons) (previous 1421K)

Soybeans (Metric Tons) (previous 1322.2K)

Wheat (Metric Tons) (previous 465.2K)

8:30 AM ET. Annual U.S. International Investment Position

8:30 AM ET. 1st Quarter U.S. International Investment Position

9:45 AM ET. June ISM-Chicago Business Survey - Chicago PMI

PMI-Adj (expected 51.0; previous 49.3)

9:45 AM ET. Bloomberg Consumer Comfort Index

10:30 AM ET. EIA Weekly Natural Gas Storage Report

Working Gas In Storage (Cbf) (previous 3103B)

Working Gas In Storage, Net Chg (Cbf) (previous +62B)

4:30 PM ET. Money Stock Measures

4:30 PM ET. Federal Discount Window Borrowings

4:30 PM ET. Foreign Central Bank

9:45 AM ET. June US Manufacturing PMI

PMI, Mfg (previous 50.7)

10:00 AM ET. May Construction Spending - Construction Put in Place

New Construction (expected +0.7%; previous -1.8%)

Residential Construction

10:00 AM ET. June ISM Manufacturing Report on Business

Manufacturing PMI (expected 51.4; previous 51.3)

Prices Idx (previous 63.5)

Employment Idx (previous 49.2)

Inventories (previous 45.0)

New Orders Idx (previous 55.7)

Production Idx (previous 52.6)

11:00 AM ET. June Global Manufacturing PMI

PMI, Mfg (previous 50.0)

4:00 PM ET. June Domestic Auto Industry Sales

Auto Sales Annualized (expected 17.3M; previous

N/A Marianas: U.S. Independence Day

N/A U.S. Independence Day. Financial markets closed