Eyes will be on the first release of Q2 GDP - TDS

Analysts at TD Securities noted that all eyes will be on the first release of Q2 GDP.

Key quotes:

"TD looks for an above-consensus 4.4% q/q (saar) print (market: 4.2%). "

"This reflects a 3.2% increase in real PCE while business investment and net exports should also make sizeable contributions."

"The second print of University of Michigan Sentiment for July will round out the data calendar but the market does not look for any change from the preliminary 97.1."