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US Open Preview – Euro holds weak; US consumer confidence in focus
April 24, 2018 11:26 amVideo
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Here are the latest developments in global markets:
Day Ahead: US consumer confidence & new home sales pending
Tuesday’s calendar is a light one, with the focus possibly remaining on the ECB interest rate decision on Thursday and the GDP flash estimates out of the US and the UK on Friday. Companies releasing earnings will also be attracting interest.
Out of the US, at 1300 GMT, the Case-Shiller indices gauging house prices during the month of February will be made public, while data on consumer confidence for the month of April will be available at 1400 GMT. On a monthly basis, the consumer confidence index is expected to fall to 126.0 versus 127.7 in the prior month. Also, at the same time, new home sales for the month of March are anticipated to edge up by 1.9% m/m following a decline of 0.6% in the preceding month.
In energy markets, investors will be waiting for the API weekly report to indicate the change in US crude oil stocks.
Turning to today’s public appearances, at 1800 GMT Federal Reserve Bank of Philadelphia President Patrick Harker will be participating in a conference, while Bank of England Governor Mark Carney will be giving a speech at the same time.
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