Trade Deficit, Evans, U.K. Output, Rupee, Gas Prices

WHAT TO WATCH: The U.S. trade deficit probably narrowed to minus $43.5 billion in June, 8:30 a.m. The Treasury will auction $32 billion in three-year notes, 1 p.m. Charles Evans speaks, 1 p.m. U.K. industrial production rose more than forecast in June as manufacturing surged the most in a year, rebounding from a slump the prior month.

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