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3 Numbers: Economists expect a rebound in US durable goods orders
New data on sentiment in Europe’s business sector is in focus, today via the European Commission’s monthly report. Later, two numbers for January will focus attention on the US economy: durable goods orders and pending home sales. Eurozone: Business Climate Indicator (1000 GMT) Projections for first quarter growth in the Eurozone remain on track for a healthy round of acceleration, according to last week’s updates. Now-casting.com’s revised weekly estimate on Friday was unchanged at a 0.7% quarterly increase for Q1, a solid improvement over the 0.4% pace in last year’s Q4. The Bank of Italy’s Euro-Coin ... (full story)