Analysts at Deutsche Bank point out that in the US, this afternoon we’re due to get the delayed December durable and capital goods orders data which should help to further sharpen Q4 GDP expectations.
“The consensus expects a +0.3% mom pickup in core durable goods orders and +0.2% mom core capex orders reading. Also due out is the October Philly Fed survey which will be worth watching for a mid-quarter update on the factor sector. The consensus expects a 3pt decline to +14.0.”
“Away from that we’ll also get the latest weekly initial jobless claims print – where the four-week moving average has ticked up in recent weeks – the flash February PMIs, January leading index and January existing home sales.”