Credit: Shutterstock photoTheeconomic calendarremains relatively quiet today, with data expected from Europe and the housing sector.
The news starts long before the start of U.S. trading with Germany's Purchasing Managers Index of manufacturing activity. It's followed shortly after by a similar report for the overall Eurozone.
Both could add to investor confidence after gross domestic product reports and investor confidence from Germany were better than expected last week. Strong economic numbers have helped soothe worries about Greece's debt crisis.
The one U.S. report comes at 10 a.m. ET when the National Association of Realtors announces existing home sales for January. Economists expect a reading of about 4.66 million, which is an annualized number. The news is unlikely to have a dramatic impact on trading unless it misses or beats estimates by a wide margin.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
