Quick Overview

• U.S. new home sales fell 1.8% MoM and 29.8% YoY
  

• U.S. durable goods orders fell 1.7% in February. Excluding transportation, orders fell 2.6%.
  

• German business confidence increased from 104.1 to 104.8
  

• Industrial new orders for the Euro area 15 rose 2.0% MoM and 7.3% YoY.
  
  

• The U.S. Department of Energy said:
  Supplies of crude oil were unchanged at 311.8 million barrels.
  Supplies of gasoline fell 3.3 million barrels
  Supplies of heating oil fell 1.3 million barrels.
  Refinery use fell from 83.8% to 82.2% of capacity last week.
  Gasoline demand fell 0.3% YoY
  Distillate demand fell 4.0% YoY.