Market movers today
On a day with mainly tier 2 data, markets are likely to further digest yesterday's FOMC announcement. US initial jobless claims are due for release at 14:30 CET but the data is quite noisy due to problems with seasonal adjustment around this time of year. We should see a decent decline, though, as last week's spike should reverse.
Philadelphia Fed survey is expected to rebound from 6.5 to around 10 following a fairly big drop last month. The survey is quite volatile and is not a terribly good indicator for ISM on a monthly basis. Existing home sales are also released and there may be some upside risk given the strength of other housing data recently (housing starts, NAHB, new home sales).
In the UK retail sales are expected to show a slight increase for November. Retail sales have been a bit softer in the past two to three months following very strong growth in the first half of the year. However, the strong labour market development lately coupled with lower inflation should underpin UK consumer incomes and spur continued robust consumption growth.
To Read the Entire Report Please Click on the pdf File Below.
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Danske Daily: Expect A Market Decline
Published 12/19/2013, 06:09 AM
Updated 05/14/2017, 06:45 AM
Danske Daily: Expect A Market Decline
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