18 Jun 2015
Eurogroup meeting: Key events for day ahead - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation noted the key events for the day ahead, sighting Eurogroup meeting as main event.
Key Quotes:
"We will have an update on China property prices in May at 11:30am Syd/9:30am local. Apr saw stability in the larger cities and also a number of the smaller coastal cities. Bank Indonesia is expected by all forecasters to keep rates on hold at 7.5%"
"UK retail sales ex auto fuel has been trending higher over the past few years. The consensus for May is -0.2%m/m and 4.3%y/y."
"The focus of the Eurogroup meeting, held in Luxembourg, will be on Greece. There will be a press conference following the meeting. The SNB will have their quarterly monetary policy review and press conference, with particular interest in their level of concern over a CHF surge driven by Greek contagion."
"US May headline CPI is expected to pick up to 0.5%m/m from 0.1% in Apr, and 0.1%y/y from 0.2%. Core inflation (ex food and energy) however looks to be more subdued, the median forecast 0.2%m/m, and the y/y print to remain at 1.8%. The Philly Fed factory index has been the only regional survey not to turn negative in recent months and should rise slightly from 6.7 in May to 8. Initial jobless claims will include the June payrolls survey."
Key Quotes:
"We will have an update on China property prices in May at 11:30am Syd/9:30am local. Apr saw stability in the larger cities and also a number of the smaller coastal cities. Bank Indonesia is expected by all forecasters to keep rates on hold at 7.5%"
"UK retail sales ex auto fuel has been trending higher over the past few years. The consensus for May is -0.2%m/m and 4.3%y/y."
"The focus of the Eurogroup meeting, held in Luxembourg, will be on Greece. There will be a press conference following the meeting. The SNB will have their quarterly monetary policy review and press conference, with particular interest in their level of concern over a CHF surge driven by Greek contagion."
"US May headline CPI is expected to pick up to 0.5%m/m from 0.1% in Apr, and 0.1%y/y from 0.2%. Core inflation (ex food and energy) however looks to be more subdued, the median forecast 0.2%m/m, and the y/y print to remain at 1.8%. The Philly Fed factory index has been the only regional survey not to turn negative in recent months and should rise slightly from 6.7 in May to 8. Initial jobless claims will include the June payrolls survey."