24 May 2023
Emily Nicol
,
Chris Scicluna
- This morning’s UK inflation data revealed broad-based intensification of core pressures
- The Reuters Tankan survey signalled an acceleration in Japan’s recovery momentum
- Germany’s ifo survey is likely to report a further improvement in conditions in the services sector
- In the US, the FOMC’s minutes from its early May meeting will be published
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17 May 2023
Chris Scicluna
,
Emily Nicol
- Japanese GDP boosted by a recovery in consumer spending and tourism
- Euro area final inflation figures likely to tally with the flash estimates reporting a slight uptick in the headline rate but slight easing in the core rate
- US housing starts expected to decline in April as demand remains hit by tighter credit conditions
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16 May 2023
Chris Scicluna
,
Emily Nicol
- UK labour market data provided evidence of a further loosening of conditions, but private sector wage growth momentum is still way too higher for the BoE’s comfort
- China’s activity data point to a more subdued recovery than expected at start of Q2
- Updated euro area Q1 GDP figures might well see the modest growth initially reported revised away on the back of the slump in IP
- US retail sales and industrial production numbers in focus
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05 May 2023
Chris Scicluna
,
Emily Nicol
- German factory orders plummet, while turnover also suggests manufacturing output contracted in Q1
- French IP fell as strikes weighed on mining output
- European construction PMIs likely to signal ongoing weakness in the sector
- US payroll growth likely to have slowed a little further
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04 May 2023
Chris Scicluna
,
Emily Nicol
- ECB expected to slow pace of tightening to 25bps on tighter credit conditions
- Fed raises rates by 25bps, but signals that the peak might have been reached
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