In the US session durable Goods Orders and Unemployment Claims figures were released. Orders for durable, or long-lasting, goods fell 5.1% in December, the Commerce Department said Thursday. The drop came after a 12.4% plunge in transportation orders and was worse than the 1.5% forecasted decline in the headline. Excluding transportation, orders fell 1.2% in December. So-called core capital-goods orders fell 4.3%.
Separate report showed that in the week ending January 23, the advance figure for seasonally adjusted initial claims was 278,000, a decrease of 16,000 from the previous week's revised level. Analysts were expecting decrease to 281,000. The 4-week moving average was 283,000, a decrease of 2,250 from the previous week's revised average.
From Eurozone tomorrow Spanish CPI and GDP figures, as well as Eurozone M3 Money Supply and CPI data is scheduled for a release. Analysts forecast 0.1% increase in Spanish CPI and 0.8% rise in GDP. M3 Money Supply should edge up to5.2%, while Eurozone CPI is predicted to show 0.4% incline. In the US session Advance GDP, Chicago PMI and Revised Consumer Sentiment figures will be published. GDP is expected to grow by 0.8%, Chicago PMI should rose to 45.4, while Consumer Sentiment should show no significant change from prelim reading.
Figures to watch:
Spanish Flash CPI/Spanish Flash GDP (Friday 9:00)
M3 Money Supply (Friday 10:00)
CPI Flash Estimate (Friday 11:00)
Advance GDP (Friday 14:30)
Chicago PMI (Friday 15:15)
Revised UoM Consumer Sentiment (Friday 16:00)
