Quite a few announcements today, especially as far as the EU, UK and US is concerned.

Europe is today releasing Spanish Unemployment Rate, M3 Money Supply and Private Loans figures. The unemployment rate is crucial as it reflects the strength of the Spanish jobs market (where unemployment has been quite high). M3 money supply gives us an indication of the amount of domestic currency in circulation and deposited in banks. We can therefore gauge how much money (particularly in these times of massive stimulus) is being circulated throughout the economy. Private loans is important as it shows the value of new loans issued to consumers and businesses in the private sector.

The UK is releasing Prelim GDP, Index of Services and CBI (Confederation of British Industry) Realised Sales. GDP is vital data as it shows us the growth of the UK economy. The realised sales figure helps give us an indication of sales volumes in retail and wholesale companies.

Plenty of data to come out of the US as well later tonight and tomorrow morning. included in the data release is:  Core Durable Orders, Unemployment Claims, Durable Goods Orders and Pending Home Sales. the durable goods orders gives us an indication of orders placed with manufacturers for goods, therefore we get an insight into the health of the manufacturing industry. Unemployment Claims shows us the number of people who filed for unemployment insurance for the first time between reporting periods (weekly). Therefore, this can help us determine the health of the labour force in the US. Pending Home Sales is important as it shows us the relative strength of the housing industry.