Mortgage, oil reports on light calendar
David Russell | email@example.com
Today's economic calendar is uneventful, with little market-moving data scheduled.
The only U.S. reports on tap involve home mortgages and oil inventories. The Mortgage Bankers Association will release its weekly applications data at 7 a.m. ET, while the Energy Department will announce crude-oil supply levels at 10:30 a.m. ET. Neither is likely to have a big impact on sentiment.
In the overnight session, the Eurozone will release quarterly gross domestic product and Germany will report industrial production. Those headlines could affect risk appetite.
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Just like 2007, we are again at a moment when the economy looks strong and employment growth is coming back. And the topic once again is whether we need to raise rates before the economy overheats.
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