US trade balance and wholesale inventories coming up next

Trade and wholesale numbers due at the bottom of the hour

Trade is everywhere at the moment, including the data. The July advance goods trade balance report is due at the bottom of the hour. The consensus is at $69.0B monthly deficit, slightly larger than $67.9B in June. Estimates range from $66.0B to $72.5B.

At the same time, the July preliminary report on wholesale inventories is expected up 0.2% in what will be a meaningful number for Q3 GDP.

Later we get data on housing prices, the Richmond Fed and US consumer confidence. For more, check the economic calendar.