In the US session Existing Home Sales figures were released. Existing Home Sales fell 6.1% to a seasonally adjusted annual rate of 4.93 million in November from a downwardly-revised 5.25 million in October. Analysts were anticipating rate of 5.21 million. Sales dropped to their lowest annual pace since May (4.91 million) but are above year-over-year levels (up 2.1% from last November) for the second straight month.  

In the US session Existing Home Sales figures were released. Existing Home Sales fell 6.1% to a seasonally adjusted annual rate of 4.93 million in November from a downwardly-revised 5.25 million in October. Analysts were anticipating rate of 5.21 million. Sales dropped to their lowest annual pace since May (4.91 million) but are above year-over-year levels (up 2.1% from last November) for the second straight month. 

Tomorrow's session should bring Current Account, BBA Mortgage Approvals and Final GDP data from the UK. Current Account if forecasted to show 21.2 billion pounds deficit. BBA Mortgage Approvals should increase to 37,300, while no change is anticipated in Final GDP figures. US session should be more volatile with Durable Goods Orders, Revised Consumer Confidence and New Home Sales data scheduled for a release. Durable Good Orders should rise by 3.0%, while Revised Consumer Confidence figures should show small decline to 93.5 from prelim's 93.8 points. New Home Sales are expected to come at an annual rate of 461,000. Also, Final GDP data is scheduled for a release. 4.3% growth is forecasted, up from Advanced reading of 3.9%.

Figures to watch:

Current Account (Tuesday 10:30)

BBA Mortgage Approvals (Tuesday 10:30)

Final GDP (Tuesday 10:30)

Durable Goods Orders/ Core Durable Goods Orders (Tuesday 14:30)

Final GDP (Tuesday 14:30)

Revised UoM Consumer Sentiment (Tuesday 15:55)

New Home Sales (Tuesday 16:00)