What to Expect This Week

This week, in the United States, GDP growth for the first quarter should be revised slightly up due to a rise in exports. Also, housing market may show some signs of improvement as new and existing home sales growth may pick up in April boosted by the ending tax credit. In addition, durable goods orders are expected to surge in April due to an increase in aircraft orders.
TradingEconomics.com 5/23/2010 6:56:51 PM

 In the Euro Area, investors attention is likely to be still focused on fiscal sustainability of the zone. In Japan, exports may rise for the third consecutive month in April. However, the consumer price index is expected to stay unchanged at -1.1%. Also, the labor market should stabilize and the unemployment rate stay at 5% in April. In the United Kingdom, GDP growth in the first quarter was probably stronger than previously estimated. Finally, in New Zealand trade balance for April is likely to stay in surplus supported by higher export prices.