Upcoming Economic Calendar at a Glance

Key Economic Releases and Events:

• German Unemployment Statistics will be the highlight for the Euro sesssion. The Unemployment Rate is expected to remain steady at 6.8% while the ranks of the Unemployed are expected to show a 10K increase.
• UK Current Account deficit is expected to increase to -12.2B from 11.2B last month
• US Durable Goods and weekly unemployment claims will highlight the US session releases
• Italy will auction 5 and 10 year bonds. The market will be gauging investor demand.
• Later in the evening, China HSBC PMI Manufacturing index will be released.