Europe Markets close week higher after Yellen. United States Q4 GDP forecasting

The S & P 500 Index broke resistance last night and his record is closed after several attempts . Filter optimism that European markets ended the week in positive territory ready for . The question facing many investors is that the market is cheap enough to buy , especially when we hear headlines like ” near record ” is. The answer is clearly no good , but they really are too expensive to buy or trade for S & P 500 Index 18 is driven forward . So if you have a choice in selecting their stock gains still can not believe we made.Traders are optimistic after listening to Janet Yellen’s testimony last night and thinking that it is a positive thing that the central bank does think that the poor weather has dampened the economic data. But, make no mistake like every other central bank is well spoken, highly customized Janet Yellen select statement yesterday confirmed that it still served a period of gradual decline can only exception is if the economy will the cliff.However, it is also a fact that not all thriving economic data and downward revision of durable goods is the last day to make any forecast is bullish for Q4 GDP United States. Forecast to 2.6%, while the previous value of 3.2%, which was a significant decline.The main element that made ​​the biggest impact private consumption is expected to decline to 2.9% from 3.3%. We also have Chicago PMI data due at 14:45 GMT today, and it will be interesting to see if we still blame of poor weather. Is expected to once again revised downward from 59.6 to 57.9.

Back in Europe , the number of consumer spending French traders once again considerably lower and much lower than the expected -0.8 % -2.1 % is disappointed with the final reading . It was a good , not for the French at all and we certainly would like to see some support from the central bank for Europe ‘s problem child . Germany, on the other hand is dragging Europe towards a stable growth in other economies , its release this morning that retail sales were higher than anticipated . The final count was 2.5 % , while the forecast was 1.2 % . We also CPI flash estimate for Europe before Europe ‘s central bank meeting next week and expected to be 0.7 % .