Economic calendar: Focus on hard US data

• US durable goods orders seen rising in November

• Polish construction output slump expected to deepen in November

9:00 am GMT - Poland, construction output and unemployment rate for November. Polish construction output unexpectedly slumped from +7.6% YoY in September to -4% YoY in October. The situation is forecasted to deteriorate further in November as market expects a reading of -6.4% YoY. Unemployment rate is expected to tick higher to 5.1% (5% earlier).

1:30 pm GMT - US, durable goods order for November. US orders data is the top tier macro reading scheduled for release today. Preliminary data for November is expected to show headline gauge rising 1.5% YoY. Core measure (excluding transportation goods) is forecasted to raise 0.2% MoM. 

3:00 pm GMT - US, new home sales for November. Expected: -0.4% MoM. Previous: -0.7% MoM