• Greenspan said the U.S. central bank thinks the U.S. economy is on a "firm footing" and expects inflation to stay tame, but he made it clear the Fed isn't finished with the campaign of interest-rate increases it began in 2004.
  
  

• The DoE said that crude oil supplies were down 900,000 barrels last week. Supplies of unleaded gasoline were down 1.3 million barrels and heating oil supplies were up 1.5 million barrels.
  

• Argentina's economy grew 10.5 percent in May compared with the same month last year.

• Canada's composite index of leading indicators increased 0.3%
  
  

• Freight rates for coal and iron ore fell for a third consecutive week, reaching their lowest level in almost two years as global fleet expands.

• An index of leading economic indicators for Australia increased 0.4%
  
  

• YoY China's GDP increased 9.5% in the second quarter.