German IFO Expected To Continue The Downtrend
Danske Markets | Aug 25, 2014 05:13AM ET
Focus is likely to be on comments from the Jackson Hole Central Bank conference. Especially Draghi's dovish ones are likely to be in focus.
German IFO expectations are expected to continue the downtrend from January. The declines have followed the slowdown in the US and China in Q1 and uncertainty related to the conflict in Russia-Ukraine.
In the US new home sales are due for release and we expect a recovery after a very weak month of June for the housing market.
During the rest of the week inflation figures in the US, Europe and Japan are likely to attract attention. Moreover, this week will bring durable goods orders and second release of GDP for the US, euro-area money supply and bank lending and industrial production in Japan.
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