25 August 2022
Chris Scicluna
,
Emily Nicol
- French business confidence holds steady in August, but still remains well below levels in the first half of the year
- ECB account from July’s policy meeting to be watched closely for further insights into the likely near-term policy path
- Japan’s services producer price inflation unchanged at 2½-year high
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23 August 2022
Chris Scicluna
,
Emily Nicol
- Underlying price pressures continue to broaden in Japan, with the trimmed mean CPI rising to the highest since the series began in 2001
- Europe’s flash PMIs seem likely to signal increasing recession risks, while the Commission’s flash consumer confidence is likely to remain close to or at record low
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22 August 2022
Chris Scicluna
,
Emily Nicol
- Powell’s Jackson Hole speech to give opportunity for an updated Fed policy signal
- Flash PMIs (tomorrow) likely to flag rising recession risks in the euro area and UK as concerns about high energy prices and other cost pressures take their toll; Japanese indices likely to remain subdued
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17 August 2022
Chris Scicluna
,
Emily Nicol
- Japan’s nominal trade deficit hit a series high in July as higher prices of fuel and other imported items continued to dominate; Reuters Tankan survey points to modest improvement in Japanese business sentiment in August
- Updated euro area GDP figures this morning likely to confirm the flash estimate of growth of 0.7%Q/Q in Q2, while employment is set to rise for the fifth consecutive quarter
- Focus in the US will be on July retail sales figures ahead of the release of the Fed’s minutes from the end-July policy meeting
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16 August 2022
Chris Scicluna
,
Emily Nicol
- UK labour market tightness eases only slightly with unemployment rate and redundancies still very low
- While Japanese services firms were boosted by increased opportunities to spend in Q2, today’s tertiary activity figures suggested a slowdown in the sector at the end of the quarter
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