US and Canadian data ahead
Canadian wholesale sales are due at the bottom of the hour but it's US manufacturing and housing data later that's the only real point of interest for markets.
Wholesales sales are forecast to rise 0.5% after a 1.0% rise in April. Today's numbers are for May, which is ancient history at this point.
On the US calendar, the main one to watch is July preliminary sentiment data from Markit. That's due at 1345 GMT (9:45 am ET). The consensus is a 52.2 for manufacturing and 54.0 for services.
Fifteen minutes later, the June existing home sales report is forecast at 5.57m from 5.62m in May.
The US dollar is struggling once again today and I just don't see this data as meaningful enough to reverse the slide.
For more, see the economic calendar.
