UK labour data amongst market movers today – Danske Bank
|Analysts at Danske Bank point out that, we will get the UK labour market report for February and is the key economic data for today’s session.
Key Quotes
“We expect the annual growth rate of average hourly earnings excluding bonuses (3M average) to increase to 2.8% y/y from 2.6% y/y, as the weight of the monthly fall in December 2016 becomes less important. We believe the unemployment rate (3M average) will remain at 4.3%.”
“In the euro area, German ZEW expectations for April are being released where consensus is for another fall to -1.0 from 5.1. The survey will give some early insights on how much recent geopolitical uncertainty and US-China trade war tensions have weighed on investor economic sentiment.”
“In the US, industrial production data for March is due out. Industrial production is quite volatile but both PMI and ISM manufacturing are signalling that expansion will continue.”
“Another set of Fed speakers is on the agenda today, including Williams (voter, neutral).”
“The IMF will publish its semi-annual World Economic Outlook today, containing its new global and country level economic projections.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.