In the US session Unemployment Claims and Existing Home Sales figures were released. In the week ending August 19, the advance figure for seasonally adjusted initial claims was 234,000, an increase of 2,000 from the previous week's unrevised level of 232,000. The 4-week moving average was 237,750, a decrease of 2,750 from the previous week's unrevised average of 240,500.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 1.3 percent to a seasonally adjusted annual rate of 5.44 million in July from a downwardly revised 5.51 million in June. July’s sales pace is still 2.1 percent above a year ago, but is the lowest of 2017.
From Eurozone tomorrow, German Business Climate figures will be released. Analysts predict decline to 115.5. In the US session Durable Goods Orders figures will be published. Decrease by 6.0% is anticipated.
Figures to watch:
German Ifo Business Climate (Friday 10:00)
Durable Goods Orders (Friday 14:30)
