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.”
Author
Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.
