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21 May 2015
US data preview: Upside risk to existing home sales – BBH
FXStreet (Barcelona) - The Brown Brothers Harriman Team previews the key data US data releases ahead in the day – Jobless claims, Philly Fed survey, Markit PMI and existing home sales.
Key Quotes
“During the North American session, the US reports weekly jobless claims (270k consensus), May Philly Fed survey (8.0 consensus) and Markit PMI (54.5 consensus), and April existing home sales (0.8% consensus) and leading index (0.3% consensus).”
“Initial jobless claims have continued to improve in recent months. Today’s reading is for the week ended May 16, which is the week that the May jobs survey is taken.”
“April housing starts and building permits surged in April, suggesting upside risk to today’s existing home sales (consensus 0.8% m/m).”
Key Quotes
“During the North American session, the US reports weekly jobless claims (270k consensus), May Philly Fed survey (8.0 consensus) and Markit PMI (54.5 consensus), and April existing home sales (0.8% consensus) and leading index (0.3% consensus).”
“Initial jobless claims have continued to improve in recent months. Today’s reading is for the week ended May 16, which is the week that the May jobs survey is taken.”
“April housing starts and building permits surged in April, suggesting upside risk to today’s existing home sales (consensus 0.8% m/m).”