The Mortgage Bankers’ Association purchase index will be released at 7:00 AM EDT, providing an update on the quantity of new mortgages and refinancings closed in the last week.
At 8:30 AM EDT, the Import and Export Prices index for June will be released, providing some data that can be used to monitor the threat of inflation.
At 10:00 AM EDT, Federal Reserve Chairman Ben Bernanke will testify before the House Committee on Financial Services regarding the Semiannual Monetary Policy Report.
At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.
At 2:00 PM EDT, the Treasury budget for June will be released. The consensus is a deficit of $60 billion, which is about $64 billion larger than the historical average, and about $8.4 billion less than last June.
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