Live news updates from June 29: US Supreme Court curbs racial considerations in admissions, Chinese balloon used US surveillance technology

Nike: Investors will search for alerts on the temper of customers and China’s post-Covid restoration when the sportswear group publicizes outcomes this afternoon. Fourth-quarter income is predicted to rise 3 per cent to $12.6bn, and earnings forecast to say no to 67 cents a share from 90 cents the earlier 12 months, in response to analysts polled by Refinitiv.

US GDP: Economists predict the ultimate studying of financial development for the primary quarter to be 1.4 per cent on an annualised foundation, up on the second studying of 1.3 per cent, however nonetheless decrease than the earlier two quarters.

Other financial knowledge: Initial claims for state unemployment advantages are more likely to rise to 265,000 for the week ended June 24, from 264,000 in the prior week, in an indication the labour market is loosening.

Pending residence gross sales in May are forecast to have decreased 0.5 per cent, after remaining unchanged in April and experiencing a 5.2 per cent decline in March.

Fedspeak: Raphael Bostic, president of the Atlanta department of the Federal Reserve, will give a speech on the US financial outlook on the Irish Association of Investment Managers Annual Dinner.

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