27 June 2023
Emily Nicol
,
Chris Scicluna
- Survey signals welcome moderation in UK shop price inflation
- Lagarde’s keynote speech this morning at the ECB central bank forum in Sintra to be closely watched
- Italian business and consumer sentiment expected to move broadly sideways, although risks are skewed to the downside
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26 June 2023
Emily Nicol
,
Chris Scicluna
- This week, the flash euro area inflation estimates are expected to show that the headline rate moderated further, while the Commission’s survey results will provide updates on economic recovery momentum and inflation expectations
- Tokyo CPI figures will also be in focus at the end of the week, with core inflation expected to have risen to a new 41-year high in June
- Personal income, spending and PCE deflators the data highlights in the US this week
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23 June 2023
Chris Scicluna
,
Emily Nicol
- UK retail sales grew in May to be on track for modest growth in Q2 while consumer confidence improved
- Euro area PMIs set to suggest a notable loss of recovery momentum
- The flash US PMIs are also expected to report a slowdown in activity
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22 June 2023
Emily Nicol
,
Chris Scicluna
- After a big upside surprises in the latest UK wage and inflation data, there is now a significant probability that the BoE will hike Bank Rate by 50bps to 5.00%
- The flash estimate of euro area consumer confidence due this afternoon is expected to post a modest improvement
- Fed Chair Powell to repeat his hawkish message before the Senate Committee, while existing home sales expected to remain very weak
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21 June 2023
Emily Nicol
,
Chris Scicluna
- Reuters Tankan survey signalled a pickup in Japan’s recovery momentum, with auto manufacturers benefitting from an easing in supply constraints
- Fed Chair Powell expected to deliver a relatively hawkish message before Congress, reiterating that further interest rate hikes are likely this year
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