23 Feb 2015
The week ahead and key events - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank gave details of key events coming up for the week.
Key Quotes:
"Today we have the German IFO survey, which will underline that Germany is seeing a further slight acceleration in economic activity (and backing their view that austerity works: which it does, if you are a huge net exporter, have undertaken an internal devaluation via labour market reforms, and are locked in to a currency union at a favourable exchange rate: just don’t look at the looming problems with crumbling infrastructure). Expectations are for a rise from 106.7 to 107.7 in the IFO business climate. It’s quiet apart from that, especially in Asia, and in the US there are only existing home sales (seen -1.8% MoM)."
"Tomorrow in Europe we see final German Q4 GDP and Eurozone January final CPI, with ECB President Draghi speaking. In the US there are the S&P/CS house price index, the Markit services PMI, and FOMC Chair Yellen gives her semi-annual testimony to the US senate, which will be of major interest after the dovish shift in the recent Fed minutes."
"Wednesday has Aussie wages for Q4 and the Chinese February HSBC manufacturing PMI. BOE Governor Carney also speaks, as does the ECB’s Draghi. The US only has new home sales in terms of data."
"Thursday has Aussie capex spending for Q4, UK detailed Q4 GDP, Eurozone business confidence surveys, and US CPI and durable goods surveys, which are the data highlight of the week. The Fed’s Lockhart and Fisher also speak later in the session."
"Friday rounds off the week with Japanese unemployment, CPI, and retail sales. In Germany we see February CPI, and in the US we get a second look at US Q4 GDP, as well as the Chicago PMI and pending home sales. There is then a final flood of central bank speakers, with the Fed’s Dudley, Mester, and Fischer, the ECB’s Constancio, and the BOJ’s Nakaso all making appearances."
Key Quotes:
"Today we have the German IFO survey, which will underline that Germany is seeing a further slight acceleration in economic activity (and backing their view that austerity works: which it does, if you are a huge net exporter, have undertaken an internal devaluation via labour market reforms, and are locked in to a currency union at a favourable exchange rate: just don’t look at the looming problems with crumbling infrastructure). Expectations are for a rise from 106.7 to 107.7 in the IFO business climate. It’s quiet apart from that, especially in Asia, and in the US there are only existing home sales (seen -1.8% MoM)."
"Tomorrow in Europe we see final German Q4 GDP and Eurozone January final CPI, with ECB President Draghi speaking. In the US there are the S&P/CS house price index, the Markit services PMI, and FOMC Chair Yellen gives her semi-annual testimony to the US senate, which will be of major interest after the dovish shift in the recent Fed minutes."
"Wednesday has Aussie wages for Q4 and the Chinese February HSBC manufacturing PMI. BOE Governor Carney also speaks, as does the ECB’s Draghi. The US only has new home sales in terms of data."
"Thursday has Aussie capex spending for Q4, UK detailed Q4 GDP, Eurozone business confidence surveys, and US CPI and durable goods surveys, which are the data highlight of the week. The Fed’s Lockhart and Fisher also speak later in the session."
"Friday rounds off the week with Japanese unemployment, CPI, and retail sales. In Germany we see February CPI, and in the US we get a second look at US Q4 GDP, as well as the Chicago PMI and pending home sales. There is then a final flood of central bank speakers, with the Fed’s Dudley, Mester, and Fischer, the ECB’s Constancio, and the BOJ’s Nakaso all making appearances."