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12 Apr 2015
Busy week of key data and Central Banks
FXStreet (Bali) - Franklin Wang, Research Analyst at Nomura, breaks down the key events for the week ahead, noting that we have many important data points and central bank meetings this week.
Key Quotes
"In the US, we will receive March retail sales on Tuesday. We have yet to see money saved at the pump help boost spending in other categories, but we expect this to change starting March. Thus, we forecast a 0.9% increase in headline sales. We will also receive industrial production for March; we expect total industrial production to decline by 0.5% following a slight uptick of 0.1% in February. US CPI will be released on Friday; we expect a modest increase of 0.2% m-o-m in core CPI and 0.2% m-o-m in headline CPI."
"In Europe, we start the week with Eurozone industrial production, which we expect to increase 0.3% m-o-m. UK inflation will be released on Tuesday. ECB rate decision will be released on Wednesday; we expect no change in policy. UK labor market report is due on Friday; we expect the unemployment rate to fall to 5.6% in the three months to February."
"Elsewhere in the world, we expect no change in rates at the upcoming Bank of Canada meeting (see Bank of Canada, Issues to focus on, 26 March 2015). In China, we expect GDP growth to slow to 6.9% y-o-y in Q1 2015; on the trade data, we expect export growth to slow after the surge in February."
Key Quotes
"In the US, we will receive March retail sales on Tuesday. We have yet to see money saved at the pump help boost spending in other categories, but we expect this to change starting March. Thus, we forecast a 0.9% increase in headline sales. We will also receive industrial production for March; we expect total industrial production to decline by 0.5% following a slight uptick of 0.1% in February. US CPI will be released on Friday; we expect a modest increase of 0.2% m-o-m in core CPI and 0.2% m-o-m in headline CPI."
"In Europe, we start the week with Eurozone industrial production, which we expect to increase 0.3% m-o-m. UK inflation will be released on Tuesday. ECB rate decision will be released on Wednesday; we expect no change in policy. UK labor market report is due on Friday; we expect the unemployment rate to fall to 5.6% in the three months to February."
"Elsewhere in the world, we expect no change in rates at the upcoming Bank of Canada meeting (see Bank of Canada, Issues to focus on, 26 March 2015). In China, we expect GDP growth to slow to 6.9% y-o-y in Q1 2015; on the trade data, we expect export growth to slow after the surge in February."