In the US session Existing Home Sales figures were released. Total existing-home sales which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 2.0 percent to a seasonally adjusted annual rate of 5.48 million in October from a downwardly revised 5.37 million in September. After last month's increase, sales are at their strongest pace since June (5.51 million), but still remain 0.9 percent below a year ago. Lawrence Yun, NAR chief economist, says sales activity in October picked up for the second straight month, with increases in all four major regions.
There will be no major data releases from Eurozone tomorrow. In the US session Durable Goods Orders and Unemployment Claims figures will be published. Unemployment Claims are expected to decrease to 241,000, while Durable Goods Orders should increase by 0.4%.
Figures to watch:
Unemployment Claims (Wednesday 14:30)
Durable Goods Orders (Wednesday 14:30)
