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Week Ahead – All eyes on Fed; Bank of England, SNB and Norges Bank meet too

Posted on December 9, 2016 at 1:30 pm GMT

After this week’s surprise actions by the ECB, markets will be hoping that central bank meetings over the next seven days won’t stray too far from expectations. Apart from the Fed’s much anticipated FOMC meeting, central bankers from the UK, Switzerland and Norway will also be gathering for their regular policy meetings. In terms of data, inflation and retail sales figures for the UK and the US will be the main highlight. Japanese business outlook expected to improve in Q4 [..]

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Week Ahead – Eurozone PMIs and Japan inflation in focus in quiet week

Posted on November 18, 2016 at 2:05 pm GMT

With the dollar rally showing no sign of abating, expectations of US fiscal and monetary policy could continue to set the market theme in an otherwise relatively quiet week for economic data. The main highlights on the data front will come from Eurozone flash PMI numbers and Japanese inflation figures. Eurozone business surveys in focus ECB President Mario Draghi said this week the recovery in the Eurozone was becoming more broad-based and recent PMI data supports this view. Flash PMI [..]

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Bank of Japan cuts inflation forecasts and delays hitting target

Posted on November 1, 2016 at 11:30 am GMT

The Bank of Japan ended its two-day policy meeting on Tuesday by refraining from further action following the measures taken at its September meeting. As expected, the Bank kept its policy rate unchanged at -0.1% and the size of its asset purchases at an annual pace of ‘more or less’ 80 trillion yen with the objective of maintaining the yield on 10-year JGBs at around 0%. The Bank had introduced the unconventional policy of ‘yield curve control’ at its last [..]

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Australian inflation rises by more than expected; aussie jumps on data

Posted on October 26, 2016 at 11:31 am GMT

Inflation in Australia rose by a stronger-than-expected 1.3% year-on-year in the third quarter of the year as food prices pushed up the headline figure. Expectations were for CPI to rise by 1.1% y/y in the third quarter and is up from the 1.0% rate of the second quarter. On a quarter-on-quarter basis, CPI increased by 0.7% versus estimates of a 0.5% gain, driven higher by a sharp rise in fruit and vegetable prices. The Australian dollar jumped 0.8% to a [..]

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Week ahead – Eurozone PMIs and US-UK GDP growth for Q3 to attract market’s attention

Posted on October 21, 2016 at 12:06 pm GMT

Next week will be important from the point of view of economic data, as Eurozone business surveys for October will come out, together with third quarter growth numbers for the US and the UK, and finally inflation data out of Australia and Japan. Eurozone activity expected to be steady in October Monday will start with the Markit flash PMIs for key Eurozone countries as well as for the euro area as a whole.  According to Reuters poll, a slight improvement [..]

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European Session – Pound boosted by strong inflation data but dollar mixed

Posted on October 18, 2016 at 3:07 pm GMT

Today’s risk-on sentiment carried forward into European trading, with commodity currencies extending their gains. The euro suffered a dip due to the expiry of options, while sterling was lifted by stronger-than-expected UK inflation data. Annual inflation in the UK rose at the fastest pace in nearly two years in September, increasing to 1.0% from 0.6% in August. Expectations were for CPI to rise to 0.9%. Core inflation also beat estimates, rising to 1.5% in September versus expectations of 1.4% and [..]

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UK inflation spikes up to 1% to highest in two years

Posted on October 18, 2016 at 11:52 am GMT

Consumer prices in the UK rose at the fastest pace in nearly two years in September as clothing and hotel costs pushed up the inflation rate. Annual CPI increased by 1.0% in September, up from 0.6% in August and the highest since November 2014. Expectations were for inflation to rise by 0.9%. The month-on-month rate was 0.2% – twice the expected rate of 0.1%. Core CPI, which excludes energy, food, alcoholic drinks and tobacco prices, also beat estimates. The 12-month [..]

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Week Ahead – ECB meeting in focus after taper talk; China GDP eyed

Posted on October 14, 2016 at 2:08 pm GMT

The coming week looks set to be a busier one in terms of data but the European Central Bank’s meeting may take most of the attention given the recent rumours of QE tapering. UK inflation and retail sales figures may provide some support to the battered pound, while Chinese GDP data will also come in focus. It will be a lighter week for the US economic calendar, which will be dominated by housing data. Markets look at ECB for QE [..]

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Week Ahead – US retail sales eyed after recent weak data; BoE meets as recession fears ease

Posted on September 9, 2016 at 1:49 pm GMT

Inflation and retail sales data out of the US and UK will come into focus next week, while industrial production numbers for China, the Eurozone and the US will also be watched. Another highlight is the Bank of England’s policy meeting but this could be a non-event after August’s ‘sledgehammer’ stimulus package. Chinese business investment could hit 17-year low After a fairly quiet Monday, Chinese data will kick-start the week on Tuesday. The latest batch of industrial output, retail sales [..]

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Eurozone inflation rises less than expected, keeping prospect open of further ECB easing

Posted on August 31, 2016 at 2:36 pm GMT

Inflation in the euro area remained muted in August according to Eurostat’s flash estimate with headline CPI unchanged at 0.2% year-on-year. A majority of economists surveyed had been expecting inflation to edge up to 0.3% but today’s data underlines the view that the ECB has a long journey ahead before it meets its 2% inflation target. The weaker-than-expected reading comes even as energy prices continue to fall at a smaller rate. Energy prices were down 5.7% in the 12 months [..]

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