Economic data scheduled for Wednesday

• The MBA’s index of mortgage application activity for the past week is scheduled to be released at 7:00 a.m. ET.
• A preliminary U.S. international merchandise trade report for March will be released at 8:30 a.m. ET. The US goods deficit is expected to narrow to $105.0 billion in March after widening to $106.3 billion in February.
• Wholesaler inventory data for March will be released at 8:30 a.m. ET. Analysts expect wholesale inventories to rise 1.4% in March’s preliminary report.
• The pending home sales index for March is expected to be released at 10:00 a.m. ET. Pending home sales are expected to fall 1.1% in March.
• The State Street Investor Confidence Index for April will be released at 10:00 a.m. ET.
• The Energy Information Administration’s weekly report on U.S. oil inventories is scheduled for release at 10:30 a.m. ET.
• The Business Uncertainty Survey Report for April will be released at 11:00 a.m. ET.
• The Treasury is expected to auction 5-year notes at 1:00 p.m. ET.

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