US: Existing home sales and jobless claims in focus - TDS

Research Team at TDS, suggests that the US existing home sales are expected to improve in August following a 3.2% decline last month.

Key Quotes

“TD looks for a 0.5% m/m gain to an annualized 5.42m units while the market expects a more robust 1.1% m/m increase. Initial jobless claims should hold near recent lows with TD calling for a slight dip from 260k to 258k while the market looks for a 261k print. Rounding out the calendar are the Kansas City and Chicago Fed indices. Markets expect a minor improvement in the KC measure with consensus calling for a increase from –4 to –3, while the consensus for the Chicago Fed is a slight deterioration from 0.27 to 0.15.

Looking to the Fed speaker circuit, Altanta President Lockhart will be the first official to give a public speech following today’s FOMC; Lockhart will speak in Atlanta at 13:00 ET on the state of the labour market.”