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(U.S. markets are closed on Friday, July 3, on account of Independence Day)

ON MONDAY

On the U.S. economic front, The Institute for Supply Management is set to publish its non-manufacturing PMI for June, with the reading expected to ease to 54.1 from 54.5 previously. Separately, S&P Global is set to release its final composite and services PMI numbers for June.

SK Hynix begins book-building for its ADR offering as its registration statement becomes effective and it files its prospectus.

In Latin America, Mexico's statistics agency INEGI is scheduled to release gross fixed investment data for April.

REST OF THE WEEK

On the U.S. economic monitor, international trade balance data for May, due on Tuesday, will be among the key releases in focus in the week. The U.S. Census Bureau is expected to report the trade deficit widening to $78.8 billion in May from $55.9 billion in April. Separately, wholesale inventories data for May is scheduled for release on Wednesday. The Federal Reserve is expected to publish consumer credit data for May the same day. On Thursday, the Department of Labor is due to release initial jobless claims for the week ended June 29 and continued claims for the week ended June 22. Additionally, the National Association of Realtors is expected to report existing home sales data for June, with sales seen rising to 4.20 million units from 4.17 million in May.

On Wednesday, Federal Open Market Committee is set to issue minutes from its June 16-17 policy meeting. On Thursday, Federal Reserve Bank of New York President John Williams will participate in a workshop titled "The Future of Market Liquidity and Functioning", co-hosted by the New York Fed and the University of Chicago Booth School of Business (0900/1300). At the same event, Dallas Fed President Lorie Logan is set to speak on "Market Liquidity and Leverage in a Digital Age" (1330/1730).

PepsiCo is expected to post its second-quarter revenue on Thursday, helped by improving demand for its products. Investors will look for comments on impact of macroeconomic uncertainty and ongoing geopolitical tensions, impact of weight-loss drugs, pricing actions as well as annual forecasts.

Exxon Mobil will publish the market factors that impacted second-quarter earnings on Tuesday.

Statistics Canada is set to release employment data for June on Friday. Employment change previously came in at 87,800 in May, while the unemployment rate stood at 6.6%. Separately, trade balance figures for May will be out on Tuesday. The Ivey PMI is also due the same day, alongside leading index data for June. Canada Mortgage and Housing Corporation is due to report building permits data for May on Friday.

On the Latin American monitor, inflation numbers take center stage. Brazil's statistics agency IBGE is scheduled to release its IPCA inflation index for June on Friday. Additionally, the Getulio Vargas Foundation is due to publish Brazil's IGP-DI inflation index for June on Tuesday, after a gain of 0.87% in May. Mexico's statistics agency INEGI is scheduled to publish June inflation figures on Thursday and industrial output data for May on Friday. Separately, Argentina's statistics agency INDEC is expected to release industrial output data for May on Wednesday, after a contraction of 2.8% in April. Separately, Chile's central bank is set to publish trade balance figures for June on Tuesday, after a surplus of $2.435 billion in May, along with copper export data for the same month. Meanwhile, Chile's statistics agency INE is set to release June inflation data on Wednesday. Lastly, Peru's central bank is expected to announce its interest rate decision on Friday, with the benchmark rate currently at 4.25%. The trade balance data for May is due on Friday.