|10-Year: -21/32....%.... GNMAs: .... USD/JPY: 79.58.... EUR/USD: 1.2678|
Personal Income (8:30): Actual 0.2%, Briefing 0.0%, consensus 0.1%, prior 0.2% (no revision)
Personal Spending (8:30): Actual 0.0%, Briefing 0.1%, consensus 0.1%, prior 0.1% (revised from 0.3%)
PCE Prices - Core (8:30): Actual 0.1%, Briefing 0.2%, consensus 0.2%, prior 0.1% (no revision)
Chicago PMI (9:45): Actual 52.9, Briefing 52.0, consensus 53.0, prior 52.7 (no revision)
Michigan Sentiment - Final (9:55): Actual 73.2, Briefing 73.0, consensus 74.1, prior 74.1
Separately, the final reading for the University of Michigan Consumer Sentiment report for June was revised down from 74.1 to 73.2. Both the Expectations and Present Conditions Indexes saw slight downward revisions as well. Presumably, the softening labor market and the headline volatility regarding the eurozone debt crisis were drags on consumer sentiment that offset the benefit of lower gas prices.
The data dump is done now, so the market will be left to trade on its own. To that end, the action continues to be dictated by the EU SUmmit headlines and the bullish response (so far anyway) by the equity market.