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Danske Daily: US Session To Be Thin Ahead Of Thanksgiving

ByDanske Markets
Published 11/27/2013, 05:55 AM
Updated 05/14/2017, 06:45 AM

US durable goods orders will give info on whether US investment spending will pick up soon. Capex has been very weak in recent quarters but we expect it to increase in coming quarters. The headline durable goods orders is likely to fall a bit after a sharp rise last month but core orders (ex transportation and defence) should improve.

The Italian Senate will vote on the expulsion of Silvio Berlusconi. It should not threaten the support to the Italian government, though. Italy's Interior Minister and Deputy Premier Angelino Alfano has formed a new party called New Centre-Right, which is holding its first party convention in Rome. Alfano has been an important member of Silvio Berlusconi's People of Freedom party (now relaunched under its old name Forza Italia) and was seen by Berlusconi as his heir. Alfano formed his party because of the political situation and internal strife within Forza Italia. If anything, the split of Berlusconi's party appears to have strengthened Letta's government, which is now assured a majority in the Senate whether or not Berlusconi chooses to withdraw support for the government.

Trading in the US session is likely to be thin ahead of the Thanksgiving holiday tomorrow.

Swedish trade balance and Norwegian unemployment data.

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