What are the key event risks coming up? - Westpac
Analysts at Westpac offered the key event risks coming up.
Key Quotes:
"NZ: PPI in Q1 is likely to rise from a 1.5% annual pace, unsurprising given we already have the Q1 CPI data.
Australia: May Westpac-MI Consumer Sentiment will give the first post-budget read on consumer’s thinking. The index was last at 99.0 in Apr, a surprisingly resilient result given intense media attention on housing concerns and disappointing updates on the labour market. The Q1 wage price index is expected by Westpac to grow 0.5%. This holds annual wage growth at a record low 1.9%yr, with little to suggest subdued growth will change anytime soon. Wage pressures have been particularly soft in the mining sector but are low across all industries.
Euro Area: Apr CPI final should confirm the preliminary read of headline inflation at 1.9%yr, and core inflation 1.2%yr, with the stronger result due to the Easter holidays.
US: The NY Fed’s Q1 Household Debt and Credit Report will provide insight on borrowings, defaults and credit quality across the country. Former Fed Chair Bernanke speaks at an investing conference."
Author
Ross J Burland
FXStreet
Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.
