Here come existing home sales ... (ITB, XHB, PKB, HOMX, FLM)

At 10:00 a.m. ET, we'll get the latest monthly data on existing home sales.

Economists forecast that home sales rose 0.9% month-on-month at an annualized pace of 5.40 million in June according to Bloomberg.

In May, sales climbed 5.1% at an annualized pace of 5.35 million.

In a preview of the data to clients, Bank of America Merrill Lynch economists wrote: "After the strong 5.1% gain in May, we expect existing home sales to slip back, falling 1.0% to 5.3 million in June. Smoothing through...

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