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Today's Focus is on durable goods orders from US.
Data released so far -
- Switzerland - UBS consumption indicator came at 1.19 compared to prior 1.11.
Upcoming -
- France - Business climate data will be released at 7:45 GMT.
- Spain - Producer price index came at 8:00 GMT. Improved data would be price supportive of Spanish stocks however yields might rise.
- Germany - IFO business survey details to be released at 9:00 GMT. Improved data would boost overall mood of investors towards Euro and DAX.
- Italy - Non EU trade statistics to be published at 9:00 GMT.
- UK - BBA Mortgage application to be released at 9:30 GMT. Weaker data might push pound further downwards.
- US - MBA mortgage application scheduled at 11:00 GMT. Vital is durable goods orders to be released at 12:30 GMT. Better data would strengthen dollar.
- Switzerland - SNB will release quarterly bulletin. Vital to look for changes in forecast or balance sheet that might impact franc.
- Auctions - 5 year note to be auctioned by US around 17:00 GMT.
