02 September 2024
Chris Scicluna; Emily Nicol
- Friday's US payrolls report will likely show a moderate pickup in non-farm payrolls following the slowdown in July with the unemployment rate possible declining too
- Figures for euro area retail sales, German factory orders and industrial production will provide an update on economic activity at the start of Q3
- Japanese wage growth is expected to have slowed slightly due to bonus payments but remain above the average of recent years
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24 June 2024
Chris Scicluna; Emily Nicol
- Key inflation figures include the US core PCE deflator for May, flash euro area inflation and Tokyo CPI for June
- The European Commission's economic sentiment survey will provide a stock-check on Friday's disappointing flash PMIs
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03 June 2024
Chris Scicluna; Emily Nicol
- The ECB will cut rates on Thursday for the first time this cycle, but President Lagarde will downplay the chances of a further cut in July and will insist that future decisions will remain data dependent.
- US payrolls numbers are expected to have grown close to the more moderate pace of 175k seen in April having averaged 269k in Q1
- Figures for Japanese wages, euro area retail sales and German factory orders are also due
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13 May 2024
Chris Scicluna; Emily Nicol
- All eyes will be on the April US CPI inflation report on Wednesday, while PPI data on Tuesday will also be closely watched.
- UK's wage growth will be watched closely for signs of easing domestically-driven inflationary pressures.
- In China, April figures for industrial production, retail sales and fixed investment will provide insight into recovery momentum at the start of Q2.
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22 April 2024
Chris Scicluna; Emily Nicol
- The BoJ's Policy Board is highly unlikely to change policy. But with the yen uncomfortably weak for Japan’s authorities, Ueda is likely to repeat that the BoJ is prepared to tighten policy sooner rather than later if necessary to counter the cost-push impact of the exchange rate. And the BoJ’s updated economic forecasts are likely to see the near-term inflation outlook slightly revised higher
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