Wednesday, May 27, 2015

Thursday: Pending Home Sales, Unemployment Claims

by Bill McBride on 5/27/2015 08:06:00 PM

From Reuters: EU officials dismiss Greek statement on aid agreement being drafted

Greece's government on Wednesday said it is starting to draft an agreement with creditors that would pave the way for aid, but European officials quickly dismissed that as wishful thinking.
...
But European Commission Vice President Valdis Dombrovskis said the two sides still had some way to go before any agreement could be drawn up.

"We are working very intensively to ensure a staff-level agreement," he said. "We are still not there yet."

Other officials in the euro zone, speaking to Reuters on condition of anonymity, were more blunt. One called the Greek remarks "nonsense". Another said: "I wish it were true."
Thursday:
• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 270 thousand from 274 thousand.

• At 10:00 AM, the Pending Home Sales Index for April. The consensus is for a 0.8% increase in the index.