Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

In US, All Eyes On Washington

Published 09/25/2013, 07:20 AM
Updated 05/14/2017, 06:45 AM
Wednesday's Market Movers

In the data calendar focus is on durable goods orders and new home sales in the US. It will be interesting to see if there are any signs of a negative impact on home sales from the increase in mortgage rates in recent months. New home sales dropped markedly in July, so some rebound should be expected in the August numbers.

In the US focus will continue to be on the negotiations to secure an agreement on funding of government expenditures for the new fiscal year starting on 1 October. A Senate vote is expected this evening. Unlike the House version, the Senate bill will not include stripping Obama's healthcare plan for funding.

Europe has a relatively light calendar today. Most interesting will be speeches by Bundesbank president Jens Weidmann and ECB board member Jörg Asmussen. We continue to look for signs of a possible policy response (including a new LTRO) to stem the increase in money market rates.

In Sweden National Institute for Economic Research will publish its business and consumer confidence surveys and in Norway the LFS unemployment rate for July is expected to remain unchanged at 3.3% confirming that growth is not far below trend.

To Read the Entire Report Please Click on the pdf File Below.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.