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Free AccessMNI China Press Digest June 24:PBOC, Property Risk, Covid Test
MNI: PBOC Injects Net CNY50 Billion via OMOs Friday
MNI: PBOC Yuan Parity Lower At 6.7000 Friday; -3.37% Y/Y
US Data: Highlights of MNI Survey of Economic Forecasts
WASHINGTON (MNI) - The following are highlights of forecasts for
upcoming U.S. economic indicators provided by participants in the MNI
weekly survey. The comment section presents the key elements behind the
median forecasts.
Weekly Jobless Claims for June 15 week
Thursday, June 20 at 8:30 a.m. ET Actual:
Median Range Jun15 Jun08 Jun01
Weekly Claims 220k 215k to 230k -- 222k 219k
Comments: The level of initial jobless claims is expected to fall
by 2,000 to 220,000 in the June 13 employment survey week after an
increase to 222,000 in the previous week. The four-week moving average
would rise by 2,000 this week as the 212,000 level in the May 18 survey
week rolls out of the calculation.
Philadelphia Federal Reserve Index for June (diffusion index)
Thursday, June 20 at 8:30 a.m. ET Actual:
Median Range Jun19 May19 Apr19
Phila Fed 11.0 8.0 to 17.0 -- 16.6 8.5
Comments: The Philadelphia Fed index is expected to fall back to a
reading of 11.0 in June after jumping to 16.6 in May.
Leading Indicators for May (percent change)
Thursday, June 20 at 10:00 a.m. ET Actual:
Median Range May18 Apr18 Mar19
Leading Index +0.1% Flat to +0.2% -- +0.2% +0.3%
Comments: The leading index is expected to rise by only 0.1% in
May, as a higher level of initial claims and falling stock prices should
be offset by stronger consumer expectations and an increase in the ISM
new orders index.
Existing-home Sales for May (annual rate)
Friday, June 21 at 10:00 a.m. ET Actual:
Median Range May19 Apr19 Mar19
Home Resales 5.27m 5.10m to 5.50m -- 5.19m 5.21m
Comments: The pace of existing home sales is expected to rebound to
a 5.27 million annual rate in May after a slipping further to a 5.19
million rate in April. Home sales remain well below their year ago
levels despite some recent recovery, which the NAR blames on tight
supply. The speed at which homes have been selling was at a record high
in April, so increased supply should feed a rebound in the sales pace.
--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com
[TOPICS: MTABLE,M$U$$$]
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