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3 Numbers: Watch for rebound in US existing home sales in January

From tradingfloor.com

The February update on business sentiment in Germany will put Europe’s biggest economy back in the spotlight today. Later, consumer confidence in Brazil and existing home sales for the US are on the docket for economic releases. Germany: Ifo Business Climate Survey (0900 GMT) Economic activity accelerated in February, close to a three-year high, according to yesterday’s update of the Germany Composite PMI. The news suggest that we could see a degree of confirmation in today’s business survey data for this month. Meantime, IHS Markit advised that the upbeat PMI figures point to stronger GDP growth for Germany in the ... (full story)

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