Tuesday, October 27, 2015

Key events ahead - Westpac

FXStreet (Guatemala) - Analysts at Westpac noted that the Asian calendar is quiet, with only China Sep industrial profits, not a market mover, but gave insights to the key events taking place in Europe and the US.

Key Quotes:

"The first reading of UK Q3 GDP is due. Consensus is for 0.6% q/q and 2.4% y/y. Strengthening domestic demand has been supporting growth. In the US, Sep durable goods orders are expected at -1.5% m/m, which would continue to suggest that the business investment trend is weak. Excluding transport, the measure is seen to remain flat.

Conference Board consumer confidence came in near highs back to 2007 in Sep and is forecasted to remain at 103.0 in Oct. The Richmond Fed manufacturing index has pulled back recently and is expected at -3 in Oct. We will also see S&P Case-Shiller house prices. Annual growth in house prices is robust, near 5%, though the level of the 20 city index is still about 12% lower than the July 2006 high."
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