It’s been an exhausting period for the markets the last three months but dealers are trying to muster one more burst of energy to get through the data set for release this morning. The Q3 GDP revision (-0.5%), New and existing home sales (4.9 million units on an annual basis for existing home sales, 420,000 units for new), and the University of Michigan consumer sentiment survey (66.5) are the biggies. Richmond Fed manufacturing is due as well with the index expected to fall to -38.
Look for volumes to slow to a trickle after the 16:00 GMT London fixing with a four day weekend ahead for those lucky Brits.
