Some key data to look at while waiting for Yellen - Rabobank

Michael Every, Head of Financial Markets Research at Rabobank, suggests that today we actually have some key data to look at while waiting for Yellen.

Key Quotes

“First it’s the German IFO survey, expected to edge up slightly. Then we have US durable goods, that always-volatile and always-complex set of numbers. The consensus is for a big m-o-m rebound in orders (3.4%) following a collapse of 3.9% last month, though as ever it will be necessary to look at the core orders (expected up 0.4%) and ex-defence (seen 0.2%) for a broader view. After that we see the Markit services PMI for the US. Not interstellar data, perhaps, but at least something for markets to gaze at.”

Kindly click here for the video of Thursday’s economic preview.