Claims/Trade Data:

8:30a U.S. trade gap narrows sharply in June
8:30a Jobless claims fall 6,000 to 361,000
8:30a U.S. continuing claims up 53,000 to 3.33 million
8:30a U.S. 4-week avg. claims up 2,250 to 368,250
8:30a U.S. June trade gap with China $27.4 billion
8:30a June trade gap smallest since Dec. 2010
8:30a June trade gap below consensus of $47.8 bln
8:30a U.S. June trade gap narrows 10.7% to $ 42.9 bln
8:30a U.S. jobless claims down 6,000 to 361,000