The Day Ahead: All About Europe and Next Week

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Posted To: MBS Commentary

Thursday's robust batch of economic data brings the calendar of domestic reports to a close for the week. This leaves Friday at the whim of overnight events in Europe where there is a similarly robust batch of economic data including German GDP and IFO Business Climate as well as Italy's reads on inflation Consumer Confidence and Retail Sales. Markets will hear from two ECB speakers following Thursday's freshly updated client notes from JPMorgan on the expectation for a rate cut at the next ECB Announcement, and all of that will happen before New York gets in for the day. From then on, the calendar is stone silent, leaving markets to "trade it out." This could be enlightening, underwhelming , or a mere headline chase. We could see a fair amount of attention paid to Italy and the risk that the...(read more)

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Source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/297044.aspx

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