Durable goods orders came out better than expected. Durable Goods Orders rose by 3%, while a rise of 2.1% was expected. Core orders, jumped by 2.1%, significantly better than 0.9% that was predicted.

World Economic Forum (WEF) Annual Meetings – Day 2, this time is held in Davos for Bankers, Political, trade & finance Ministers and Commercial leaders from around 90 countries. Can influent market volatility.

The upcoming Greek debt deal certainly helped improve market atmosphere. In the US, jobless claims plunged dramatically to a nearly four-year low of 352,000 claims, 50,000 down from the prior week, while early expectations stood on 387K. The Philly Fed Index reached 7.3 points with a dominant employment factor. These good employment readings give further boost to the recovering job market. Will the job market continue to improve? Let’s start:

In the US, New Home Sales, Monthly report to value the new sole-family households sold, due to increase from 307K on November up to 314K now.

Last week US unemployment claims dropped to a three year low with 366,000 initial jobless claims suggesting a real recovery trend in the job market. Another surprise coming from the Euro-Zone with an unexpected improvement in the PMI; French Flash Services rose above the 50 point line and Germany service sector expanded to 52.7 from 50.3. Will these encouraging trends continue this week? Let’s Start

In the US, Unemployment Claims, weekly indicator to value the individuals who filed for number of unemployment insurance submissions on the past week, rise of 1K is expected up to 389K.

Apart from Germany,a bond sell off was seen in every European country. Will German bonds sell as well? Will the benchmark break? If this happens, the euro’s losses will accelerate. Last week Weekly jobless claims dropped to 388K indicating a gradual improvement in the US job market. Most other US figures were upbeat. These favorable figures give room for cautious optimism in light of the global financial turmoil. Will this improvement continue?

In the US, New Home Sales leading monthly report to value the new sold households on the last month, is about to rise from 295K on September up to 302K now.

Last week The Philly Fed Manufacturing Index scored +8.7 points unlike predictions for a negative reading of-9, a good sign of recovery after the serious 30.7 drop in September. Nevertheless, all eyes are turned to Europe and the EU Summit this Sunday and a follow up later on.

In the US, Durable Goods Orders, an important indicator to value the manufacturers’ durable goods orders on the passing month, significant reduce from 4.1% on August to -0.4% this time. And on the Core Durable Goods Orders (without transportation items) we see the same direction reduce from 0.8% to 0.2% this month.