Markets: Inflation data in focus today - Rabobank
|In view of analysts at Rabobank, today we certainly have an inflation-centric day and in the UK it’s CPI, seen up 0.2% m/m and 2.0% headline y/y, 1.9% core.
Key Quotes
“We also have March final Eurozone CPI, expected 1.4% y/y headline and 0.8% core. And we additionally get Canadian CPI for March, where consensus is 0.7% m/m and 1.9% headline, as well as 1.8% y/y core, median, and trim.”
“In the US the main release is instead the trade balance for February, expected to widen again to -USD53.4bn. There is also wholesale inventories, seen up 0.3% m/m.”
“Central-bank-wise, we have the BoE’s Carney speaking, the ECB’s Lautensclaeger, and from the Fed it’s Harker, Bullard (speaking at a Hyman Minsky conference, which is deeply, deeply ironic – though maybe he might learn something useful while there?), and finally Logan.”
“We also get the Fed’s Beige Book, where we get to see what the latest temperature-take of the US economy is from their perspective.”
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