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US: Noisy US Data May Give Traders Some Headaches
Investors in the US will appreciate having just had a longer weekend once next week's macro data start coming in. Although there are speeches by Federal Reserve officials (Loretta Mester and Stanley Fisher; both will make an appearance abroad) scheduled for Monday, US bourses will remain closed in observance of Memorial Day. There will not be any data releases either. So the week will start right off with one of the highlights - the April durable goods report from the Department of Commerce. The release, which tracks orders for more expensive, longer lasting products, will illustrate the nature of US macro-data ... (full story)