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22 Apr 2016
Key events for today Rabobank
Michael Every, Head of Financial Markets Research, Asia-Pacific at Rabobank, summarizes the key events to watch for today.
Key Quotes
"Today we start with the Japanese manufacturing PMI for April, where we can start to see the damage being done by the recent rally in JPY. After that we have April PMIs across Europe, where the expectation is for slight increases or unchanged readings."
"Later we see Canadian retail sales, expected -0.8% m-o-m in February and -0.7% ex-autos, although that is only partially reversing hefty m-o-m rises seen in January. We also have Canadian CPI for March, expected at 0.4% m-o-m headline and 1.7% y-o-y core."
"Following that it’s PMI time in the US with the Markit survey, expected to edge up to 52.0."
"We finish the day and the week with the ECB’s Mersch talking ahead of Euro-area finance ministers meeting over the weekend, which will be decked out in orange for the Kings Day celebrations starting today"
"Let’s conclude with a little investment advice – or is it policy advice to central banks? - from Prince: Money don’t matter 2 night / It sure didn’t matter yesterday / Just when you think u’ve got more than enough / That’s when it all up and flies away."
Key Quotes
"Today we start with the Japanese manufacturing PMI for April, where we can start to see the damage being done by the recent rally in JPY. After that we have April PMIs across Europe, where the expectation is for slight increases or unchanged readings."
"Later we see Canadian retail sales, expected -0.8% m-o-m in February and -0.7% ex-autos, although that is only partially reversing hefty m-o-m rises seen in January. We also have Canadian CPI for March, expected at 0.4% m-o-m headline and 1.7% y-o-y core."
"Following that it’s PMI time in the US with the Markit survey, expected to edge up to 52.0."
"We finish the day and the week with the ECB’s Mersch talking ahead of Euro-area finance ministers meeting over the weekend, which will be decked out in orange for the Kings Day celebrations starting today"
"Let’s conclude with a little investment advice – or is it policy advice to central banks? - from Prince: Money don’t matter 2 night / It sure didn’t matter yesterday / Just when you think u’ve got more than enough / That’s when it all up and flies away."