From the UK, yesterday, Mortgage Approvals data was published. BBA Mortgage Approvals rose to 47,500, beating forecasts on increase to 45,200. Richard Woolhouse, Chief Economist at the BBA, said: “The start of the year has seen a significant rise in mortgage borrowing. It seems that this has been driven, in part, by borrowers looking to get ahead of the increases in stamp duty for buy-to-let and second home buyers scheduled to come into effect in April.
Focus of tomorrow's session will be on UK GDP data. No change from Prelim's 0.5% growth is expected. In the US session Unemployment Claims and Durable Goods Orders figures will be released. Analysts predict increase to 272,000 in Unemployment Claims and 3.0% rise in Durable Goods Orders.
Figures to watch:
Second Estimate GDP (Thursday 10:30)
Unemployment Claims (Thursday 14:30)
Durable Goods Orders (Thursday 14:30)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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