Thursday, October 27, 2011

Data Watch: Thursday

While markets will undoubtedly spend much of their time digesting the Euro-zone 'deal', one eye will remain on the incoming data.

Foremost will be the first reading of US Q3 GDP expected to accelerate to a 2.5% annualized rate from the sluggish 1.3% in Q2.

On the European front, the Riksbank is expected to keep rates on hold at 2.00% when it announces the result of its deliberations at 3:30 am ET. Also, Euro-zone M3, confidence surveys and prelim estimate of German inflation in Oct (expected at 2.8% y/y) will flicker in the corner of investors' eyes. 

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