What's coming up in the day ahead
Friday's economic calendar is light but steady with the US consumer in focus.
Inflation week wraps up with the import price index for June. At some point this will be an important indicator if the trade war picks up but for now it remains relegated to the doldrums. The consensus is for a 0.1% m/m rise when the report is released at 1230 GMT.
Thirty minutes later, the Canadian June existing home sales report is forecast to rise 1.5% after a 0.1% decline in May. The latest talk is about stabilization, if not renewed price rises, in Canadian housing.
Then at 1400 GMT comes the main release of the day with July preliminary consumer sentiment data from the University of Michigan. The consensus is for a 98.0 reading, slightly lower than the 98.2 final reading in June.
The Fed calendar features Bostic at 1630 GMT but we heard from him earlier this week so it probably won't be a market mover.
Finally, at 1700 GMT there is the weekly Baker Hughes report, which will wrap up a rock-and-roll week in crude.
