GDP figures and Initial Claims, highlights in the US economy – Danske Bank

FXStreet (Edinburgh) – Morten Helt, Senior Analyst at Danske Bank, noted the main releases in the US calendar today.

Key Quotes

“In the US the first estimate for Q2 GDP is expected to show an annualised increase to 2.5% q/q from -0.2% q/q in Q1. Consumer spending is likely to have been a major positive contributor to growth with an expected expansion of 2.9% q/q ann. in Q2. In addition to the GDP print, the annual revisions to the GDP accounts could also attract some attention. Revisions will primarily cover 2012 through the first quarter of 2015”.

Initial jobless claims are expected to rebound to 270k following last week’s decline to 255k, which was the lowest level since November 1973”.

Morten Helt, Senior Analyst at Danske Bank, noted the main releases in the US calendar today…

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