Economic Events on July 13, 2010

At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:30 AM EDT, the International Trade report for May will be released.  The consensus is a deficit of $39 billion, which would be a increase of $2 billion over April.  The expected increase in the trade gap is being attributed to imports by businesses as they become more optimistic about the economy.

At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.

At 2:00 PM EDT, the Treasury budget for June will be released.  The consensus is a deficit of $70 billion, though the Treasury historically has run a small surplus in June.

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