We have little excitement today so may have a dawdle into early european markets.
Today’s calendar features
- GfK German Consumer Climate reading (last at 5.8, market consensus looking for slight improvement to 5.9)
- Norway’s Unemployment last at 3.5%, looking for improvement to 3.4%
- UK Quarterly Business Investment, last at 3.8%, looking for a drop to 2.2%
- UK GDP – the main news of note – looking to remain flat at 0.0% (quarterly -0.3%)
- Italian BTP Auctions – 10s and 5s
Later in the US session we will see the US Durable Goods’ release, Pending Home Sales (Q), more from Bernanke on day 2 of his testimony and scheduled words of wisdom from Draghi and the Fed’s Fisher
