Highlights
US housing market conditions are in focus with the National Association of Home Builders report due at 10 am ET today.
After the weaker than expected result in last week's National Association of Realtors existing home sales report (down 8.4 percent to 3.91 million unit rate versus 4.2 million expected), investors will watch to see if there is another miss on the NAHB housing market index despite lower mortgage rates.
The deep freeze across much of the US got the blame for the poor NAR outcome. Expectations for today's NAHB housing market index call for an uptick to 38 in February from 37 in January.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.