High-profile speakers will take centre stage on Tuesday. Federal
Reserve Chairman Ben Bernanke is set to speak in
Arlington, Virginia at the Federal Deposit Insurance Corporation’s
Mortgage Lending for Low- and Moderate Income Households forum.
Richmond Fed President Jeffrey Lacker is also slated to speak to the
National Economists Club in Washington, D.C. on the U.S. economic
outlook.
In terms of data, U.S. pending home sales for May are
expected to show a 2.5% decrease, down from a previous 6.3% increase.