23 Apr 2014
US docket looks promising – Danske Bank
FXStreet (Edinburgh) - Analyst Pernille Nielsen at Danske Bank sees today’s US data releases coming in above estimates.
Key Quotes
“In the US the Markit manufacturing PMI is expected to show a slight increase in April”.
“We expect US new home sales to increase after they dropped to a five-month low in February. Yesterday US existing home sales fell less than expected and it seems that sales are stabilising after falling steadily since July last year”.
“We look for a recovery in US housing in H2 as the effect of higher mortgage rates fades”.
Key Quotes
“In the US the Markit manufacturing PMI is expected to show a slight increase in April”.
“We expect US new home sales to increase after they dropped to a five-month low in February. Yesterday US existing home sales fell less than expected and it seems that sales are stabilising after falling steadily since July last year”.
“We look for a recovery in US housing in H2 as the effect of higher mortgage rates fades”.