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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02 May 2023
Chris Scicluna
,
Emily Nicol
- Euro area flash inflation estimates might well see the headline rate little changed on the month, but easing in the core rate would help support the case for a smaller rate hike from the ECB; the latest bank lending figures and ECB credit conditions survey are likely to suggest ongoing tightening of credit standards
- German retail sales surprised on the downside, falling to the lowest level in more than two years
- UK shop price inflation stabilised in April despite a new record high in food prices
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17 April 2023
Chris Scicluna
- Japanese CPI data (due Friday) are likely to report a drop in inflation in March; but the BoJ’s preferred measure of core inflation could well have edged up to a new 4-decade high
- UK data on the state of the labour market (tomorrow) and inflation (Wednesday) are likely to have a significant bearing on the BoE’s monetary policy decision next month
- In the US the the data calendar focuses on the housing market, with housing starts (tomorrow) and existing home sales (Thursday)
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12 April 2023
Chris Scicluna
- Gradual moderation of goods price pressures evident in Japan’s PPI
- BoJ survey flags Japanese consumer concerns about inflation
- European central bankers, including BoE Governor Bailey, to speak publicly
- US CPI data and Fed minutes most likely to move markets today
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