Today will show whether growth is accelerating in the UK, with second quarter GDP out later. After a limp 0.3 per cent growth in the first quarter, economists are now forecasting that we'll see the economy grew by as much as 0.6 per cent in the second quarter.
Asian equities fail to respond to #China’s mini stimulus. Nikkei ends down 1.1% at 14,562.93 as investors weighed withdrawal of Fed stimulus— Holger Zschaepitz (@Schuldensuehner) July 25, 2013
Lots of UK data today, dominated by the second quarter GDP print this morning:
- German IFO business climate data for July at 09.00. Expecting improvements in current assessment and business climate, and a flat expectations figure.
- That second quarter GDP print at 09.30. The first quarter saw 0.3 per cent growth, now analysts are expecting 0.6 per cent growth.
- US durable goods and jobless claims at 13.30. Durable goods for June should rise by 0.5 per cent, from a 3.6 per cent rise last month. Jobless claims for the week of 19 July are forecast to rise from 334,000 to 340,000.