US: Q4 GDP likely to show downward revisions to 2.4% - TDS

Analysts at TDS suggest that markets will focus on the second release of US Q4 GDP, which they expect to show downward revisions to 2.4% from the initial 2.6% (market: 2.5%).

Key Quotes

“Chicago PMI for February will be published at 9:45 ET and the market looks for a moderation to 64.0 from 65.7. January pending home sales round out the calendar and markets expect a 0.5% m/m advance.”

“CAD: Factory prices for January are the lone data release and the market consensus is for a 0.5% m/m increase.”