US: Existing home sales and Yelln’s testimony in the focus - TDS

Research Team at TDS, suggests that US existing home sales for May will provide the week’s first economic data when released at 10:00 EST.

Key Quotes

“TD expects selling activity to push higher to an annualized 5.66m units, up 3.9% from April, while the market looks for a more modest improvement to 5.55m units.

In Washington D.C., Fed Chair Yellen will continue her Capitol Hill roadshow with a testimony to Congress (informally known as the Humphrey Hawkins Testimony), which is set to begin at 10:00 EST.”