*Stocks were mixed in Asian trade, with the Nikkei -1.9% and Australia -1.6% the worst of the group. Shanghai was lower as well, by 0.7%, but the Hang Seng managed a fractional gain. European indexes are generally lower, but only fractionally so and US stock futures are up by about a third of a percent .
*The June reading of Germany’s manufacturing sector Purchasing Managers Index was down a couple tenths to 54.6, close to the forecast. The service sector PMI was three tenths lower at 58.1, also near the estimate.
*The Bank of England voted 7 to 1 to keep interest rates steady at 0.50% earlier in June; Andrew Sentance was the dissenter, he wants to begin to gradually remove accommodation say the minutes from their latest policy meeting.
*In May there were 36,709 loans for house purchases in the UK, according to the British Bankers Association, that was seven hundred more than forecast.
*US mortgage applications were down 5.9% in the week ended June 18, according to the Mortgage Bankers Association; after increasing by 7.3% last week applications for loans for purchase fell by 1.2% in the latest report.
*The May reading of New Home Sales is due out at 9:00am CDT. This statistic is for contracts signed in May, post tax credit, and it is expected to be lower by 18.7% from the April result down to an annualized sales rate of 410k units.
*The weekly report on energy inventories is due out at 9:30am CDT. Stocks of Crude Oil are forecast to fall 800k barrels, Gasoline inventories are expected to be down 180k and the estimate for Distillates is +1.5 million.
*The Treasury plans to sell $38 billion 5 Year Notes today, the results will be announced just after noon CDT.
*The post meeting FOMC statement on the economy and monetary policy is expected to be release at about 1:15pm CDT.
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