US: Focus on Q2 GDP and pending home sales – TDS

According to analysts at TD Securities, markets will focus on the second print of US Q2 GDP amid a slow session for economic data, where consensus looks for a modest downward revision to 4.0% from the initial 4.1%.

Key Quotes

“Pending home sales are the only other release and are expected to rise 0.3% m/m.”

“Canada: The Q2 current account is the lone data release and the market looks for the deficit to narrow to $15.3bn from $19.5bn in Q1 on an improvement in the goods trade deficit.”