13 March 2023
Emily Nicol
- US and UK authorities stepped in to limit the fallout from the collapse of SVB
- UK Government’s fiscal plans to be laid out in Wednesday’s Budget Statement
- This week’s US CPI figures will be closely watched
- Japanese business survey signalled a decline in conditions in the first quarter, with a notable deterioration in the manufacturing sector
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10 March 2023
Chris Scicluna
,
Emily Nicol
- Kuroda left YCC unchanged at his final policy-setting meeting and maintained that it was still too early to discuss the BoJ’s exit strategy
- UK GDP beat expectations in January on special factors
- US payroll report to be closely watched – expect a moderation from the surge in January
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09 March 2023
Chris Scicluna
,
Emily Nicol
- Chinese inflation remained subdued in February
- RICS survey suggests UK home prices continue to fall
- Bank of France survey signalled a further improvement in services and industrial activity last month
- US Challenger job cuts and weekly jobless claims numbers due
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08 March 2023
Emily Nicol
,
Chris Scicluna
- Japan’s economy watchers survey saw the headline current conditions index rise for the first month in four
- UK labour survey suggested a further moderation in permanent jobs growth in February, but still strong wage pressures
- US trade numbers for January and ADP employment report due; Fed Chair Powell to repeat his hawkish monetary policy testimony before the House financial services committee
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07 March 2023
Emily Nicol
,
Chris Scicluna
- RBA hikes by another 25bps as expected, taking its Cash Rate to 3.6% and stated that it “expects that further tightening of monetary policy will be needed”
- German factory orders rise for 2nd month in January on aerospace demand
- Despite the headline figures signalling a rebound in spending in January, the BRC survey suggests that the downtrend in UK real sales on non-essentials continues
- All eyes today on the Fed Chair Powell’s testimony to Congress
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