US: Existing home sales, Philly Fed and jobless claims in focus - TDS

Research Team at TDS, looks for the US existing home sales to continue their trend lower in September with the pace of transactions falling a further 0.4% m/m to 5.31m.

Key Quotes

“This is in line with the deceleration in pending sales activity seen in August though the market is more upbeat and looks for a 0.4% m/m gain to 5.35m.

The Philly Fed Index is expected to pare some of last month’s gain as TD calls for a decline from +12.8 to 7.0, while markets look for a sharper drop to 5.0.

Lastly, initial jobless claims are widely expected to hold near recent lows, with TD calling for a roughly unchanged print of 245k while the market looks for 250k.”