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Another Week that is Not about the Data
The contours of the investment climate are unlikely to change based on next week's economic data from the US, Japan, or Europe. The state of the major economies continues to be well understood by investors. Growth in the US, EU, and Japan remains solid, and if anything above trend, as the year winds down. The incremental data will likely show that the eurozone economic momentum is intact with the November flash PMI. Japan's October trade balance is expected to be little changed, but strong imports and exports are consistent with a revival of trade activity seen this year. The US durable goods orders, stripped of ... (full story)