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May 27, 2013
Flash: The economic calendar ahead - OCBC Bank
FXstreet.com (Barcelona) - OCBC Bank Treasury analysts have highlighted the significant economic data releases for the week just passed.
They begin with US’ durable goods orders which rebounded more than expected by 3.3% in April, following a revised 5.9% contraction in March, while durable orders excluding transportation also recovered from -1.7% to +1.3% in its first gain in three months, which suggested a second wind in H2 for the US economy. Meanwhile, they note German business confidence also improved for the first time in three months, rising from 104.4 to 105.7 – the current assessment gauge rose from 107.3 to 110.0, whereas the expectations gauge was unchanged at 101.6. UK’s Hometrack housing survey also improved to 0.4% mom and yoy in May. South Korea’s consumer confidence rose from 102 to 104 in May, with both current and expectations gauges both improving.
They begin with US’ durable goods orders which rebounded more than expected by 3.3% in April, following a revised 5.9% contraction in March, while durable orders excluding transportation also recovered from -1.7% to +1.3% in its first gain in three months, which suggested a second wind in H2 for the US economy. Meanwhile, they note German business confidence also improved for the first time in three months, rising from 104.4 to 105.7 – the current assessment gauge rose from 107.3 to 110.0, whereas the expectations gauge was unchanged at 101.6. UK’s Hometrack housing survey also improved to 0.4% mom and yoy in May. South Korea’s consumer confidence rose from 102 to 104 in May, with both current and expectations gauges both improving.