US: (1) US data also starts at 1330GMT, when initial jobless claims are
expected to fall 21,000 to 475,000 in the February 27 week after surging
in the previous two weeks on special factors. Non-farm productivity is
due at the same time and is expected to revised up slightly to a 6.3%
gain in the fourth quarter due to the modest upward revision to output.
Unit labor costs are forecast to be revised down to -4.5% as a result.
Data then continues at 1500GMT with Factory Orders and the NAR Pending
Home Sales. Factory new orders are forecast to rise 2.0% in January
after solid gains in recent months. Durable goods orders were already
reported up 3.0% in the month on a huge surge in aircraft orders.