Highlights
Another reading on the housing market coming at 10 am ET Thursday with the National Association of Realtors pending home sales report. Expectations call for a 2.5 percent rebound in sales for January after a 9.3 percent drop in December.
Somewhat buoyant economic reports so far Thursday as weekly jobless claims surprised to downside at 206K versus 225K expected while the Philly Fed manufacturing index also surprised to the upside at 16.3 versus 7.7 expected. Housing sector seems to be the laggard these days.
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.