US indices closed up on Thursday, lifted by the Real Estate (+1.07%), Semiconductors & Semiconductor Equipment (+0.99%) and Media (+0.93%) sectors. On the economic data front, Initial Jobless Claims fell to 234K for the week ending December 14th, above the 225K estimate, down from 252K the week before. Continuing Claims rose more than expected to 1.722K for the week ending December 7th, exceeding the 1,676K consensus, up from a revised 1,671K the prior week. Existing Home Sales fell to 5.35 million homes for November, missing the 5.44 million estimate, down from a revised 5.44 million homes the month before.
On Friday, economists expect GDP to remain at 2.1% for the third quarter. Personal income is anticipated to increase 0.3% for November and personal spending is expected to rise 0.4%.
European markets are expected to start on a flat note.