Wednesday’s Events: DOE Crude Oil, Mortgage Applications
U.S. crude oil inventories will top the U.S. economic
data releases of the day along with Canadian building permits for June.
In Europe, markets will hear commentary from European Central Banker
Orodnez, and Australians will hear comments from Governor Stevens.
Kicking off the day, at 7 a.m. EDT, the U.S. Mortgage Bankers
Association will release mortgage applications for the
week ending July 3. In the previous week, applications rose 3.6% week-
over-week.