020 7898 0500Yesterday was seen as a positive day for US data, with both Flash Services Purchasing Managers’ Index (PMI) and Consumer Confidence figures posting positive figures. Flash Services PMI grew to a five-month high, boosting confidence in the sector. Consumer confidence was also encouraging, surpassing expectations to a high not seen since 2007.
Today we can look forward to the durable goods orders data, which is expected to post a contraction on the previous month. This may not surprise markets, due to the recent volatility we have been seeing in the past year. US Federal Reserve Chair Yellen is due to testify before the committee on financial services, and Federal Open Market Committee (FOMC) Member Bullard is also due to speak. Any rhetoric that is interest rate-related could potentially have an effect on the market.
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