The week ahead in business

Wall Street and many other businesses are taking Monday off to celebrate the nation’s 240th birthday.

TODAY

U.S. stock and bond markets are closed for Independence Day.

TUESDAY

Colombian Ambassador to the United States Juan Carlos Pinzón is scheduled to visit Charleston and to greet the crew of the tall ship Arc Gloria, the three-mast training vessel for the Colombian Navy, which is to be docked at Union Pier Terminal.

U.S. Commerce Department releases factory orders for May.

WEDNESDAY

U.S. Commerce Department releases international trade data for May.

The Institute for Supply Management releases its service sector index for June.

The Federal Reserve releases minutes from its June interest-rate meeting, when it left rates unchanged.

Germany releases factory orders data for May, a key indicator for Europe’s biggest economy and one of South Carolina’s largest trading partners.

THURSDAY

Payroll processor ADP releases its employment survey for June.

U.S. Labor Department releases weekly jobless claims. Last week, applications rose by 10,000 to a seasonally adjusted 268,000 in the week that ended June 25. The 4-week average, which is less volatile, was unchanged at 267,000. Unemployment claims are a proxy for layoffs. They have remained below 300,000 for 69 straight weeks, longest such streak since 1973. But hiring has slowed this spring.

Freddie Mac, the mortgage company, releases weekly mortgage rates. Last week, long-term rates slid to new lows for the year amid market upheaval stoked by Britain’s vote to leave the European Union. The average 30-year fixed-rate mortgage fell to 3.48 percent from 3.56 percent last week and is close to its all-time low of 3.31 percent in November 2012. The average for the 15-year fixed-rate mortgage declined to 2.78 percent from 2.83 percent last week.

Germany releases industrial production figures for May.

FRIDAY

U.S. Labor Department releases employment data for June.

The Federal Reserve releases consumer credit data for May.

Germany releases export and import figures for May.

Staff and wire reports