Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a 2.500 million initial claims, down from 2.981 million the previous week.

• At 8:30 AM, the Philly Fed manufacturing survey for May. The consensus is for a reading of -45.0, up from -56.6.

• At 10:00 AM, Existing Home Sales for April from the National Association of Realtors (NAR). The consensus is for 4.30 million SAAR, down from 5.27 million.

• At 2:30 PM, Speech, Fed Chair Jerome Powell, Opening Remarks, At Fed Listens: How is COVID-19 Affecting Your Community?