01 April 2022
Chris Scicluna
,
Emily Nicol
- BoJ Tankan reports deterioration in Japanese business conditions amid significantly higher cost pressures.
- We expect flash data today to show that euro area inflation leapt to about 7%Y/Y in March, driven higher principally by energy and food prices.
- The US labour market report is likely to confirm another month of solid growth in nonfarm payrolls.
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31 March 2022
Chris Scicluna
,
Emily Nicol
- The BoJ announced plans to increase the amount of bond purchases for maturities between 1-10Y in the coming quarter.
- China’s PMIs signalled contraction at end-Q1.
- French inflation exceeded expectations on higher energy and food prices with core inflation seemingly barely stronger and still close to the ECB's target.
- UK GDP growth in Q4 revised up, and house prices accelerated at fastest pace since 2004.
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30 March 2022
Chris Scicluna
,
Emily Nicol
- Japanese retail sales even weaker than expected in February, pointing to a significant drop in real consumption in Q1 as Covid-19 took a greater toll.
- In the US, the ADP jobs report will be watched despite its unreliability as a guide for non-farm payrolls; final estimates of Q4 GDP to see minimal revisions from the previous estimates.
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29 March 2022
Emily Nicol
- Japanese labour market numbers reported a modest improvement in February, with the unemployment rate edging lower and the job-to-applicant ratio edging higher.
- UK bank lending numbers likely to report a modest pickup in consumer credit growth in February as Covid-related restrictions relaxed.
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28 March 2022
Emily Nicol
- Japanese data-flow this week set to bring soft retail numbers and a relatively subdued BoJ Tankan survey at the end of the week.
- Flash estimate of euro area inflation expected to show headline HICP rate up 0.9ppt to a new record-high 6.8%Y/Y in March.
- A busy week for US data with Friday’s labour market report the highlight and expected to show another strong increase in payrolls.
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