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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15 August 2022
Chris Scicluna
,
Emily Nicol
- China’s economic activity data for July miss expectations, with particular weakness in retail sales and property investment amid ongoing falls in home prices prompting surprise rate cut from the PBoC
- UK inflation set to reach a new high close to 10%Y/Y (Wednesday) amid tight labour market (tomorrow) despite ongoing weakness in retail sales and extremely weak consumer confidence (Friday)
- Wednesday will be the main focus in the US, with retail sales data and the latest Fed minutes due
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