Market movers today
In the US, capital goods orders figures are due for release. Overall, business investments have been increasing since 2016 but over the past couple of months numbers have moved sideways 6 probably due to lower growth in the manufacturing sector. Figures for April will give us an impression of whether investments have stabilised temporarily or more persistently.
In the UK, the second estimate of GDP growth in Q2 will also attract attention for two reasons. The first is because the initial estimate of only 0.1% q/q was lower than expected by most economists. The second is because it is the first time we get the expenditure components so that we can see why growth was weak from a demand perspective.
In the euro area, German ifo expectations are released, where consensus is for another decline following the weak PMI numbers earlier this week.
In Scandinavia, todays key release will be Norwegian unemployment data for May (see next page).
To read the entire report Please click on the pdf File Below: