In the US session Durable Goods Orders and Unemployment Claims figures were published. Orders for U.S. capital goods rebounded in January by the most since June 2014, representing a pause in manufacturing’s downturn. Bookings for non-military equipment excluding commercial aircraft jumped 3.9%, more than forecast, after a 3.7% decrease in December that was smaller than previously reported, data from the Commerce Department showed Thursday. Orders for all durable goods rose 4.9%, the most since March. Analysts were anticipating 3.0% increase.
In the week ending February 20, the advance figure for seasonally adjusted initial claims was 272,000, an increase of 10,000 from the previous week's unrevised level of 262,000, in line with market forecasts. The 4-week moving average was 272,000, a decrease of 1,250 from the previous week's unrevised average of 273,250.
Tomorrow, from Eurozone, Spanish and German CPI figures will be published. Spanish CPI is expected to show 0.5% fall, while German CPI should grow by 0.6%. In the US session GDP and Revised Consumer Confidence figures will be released. Analysts predict increase to by 0.4% in GDP, while Revised Consumer Confidence should show slight incline from Prelim reading to 91.1.
Figures to watch:
German Prelim CPI (Friday)
Spanish Prelim CPI (Friday 9:00)
Prelim GDP (Friday 14:30)
Revised UoM Consumer Sentiment (Friday 16:00)
Last modified on Thursday, 25 February 2016
