5/5/2021 6:07:18 AM GMT
Market movers today
ECB Chief Economist Lane will speak on the current status of the ECB s monetary policy strategy review. Fed s Evans, Rosengren and Mester will also be out speaking during the afternoon.
In the US, the ADP employment report will give some indications ahead of non-farm payrolls released on Friday. The ISM services index will likely show another strong reading in April, as activity is boosted from the stimulus checks.
In Sweden, the March production value indices (PVI) and consumption indicator are due out (see Nordic Macro and Markets Section for more details).
The 60 second overview
US interest rate discussion: US Treasury Secretary Janet Yellen caused some uproar in financial markets yesterday, when she hinted that interest rates could have to rise somewhat to make sure the US economy does not overheat. She later in the day clarified that rate increases by the Fed was not something she was recommending or predicting, underscoring that
3/15/2021 6:41:08 AM GMT
Market movers today
A quiet start to the week in terms of economic data. The most important release will be the February inflation numbers from Sweden, where we forecast CPIF inflation at 1.8 % y/y (see more details in Nordic Macro and Markets section below).
Later this week the focus will be on central banks. Fed will meet on Wednesday and we expect no major changes, focus on updated dots and any comments on the rise in real yields.
Bank of England will have an interim meeting on Thursday, we do not expect new policy signals. Norges Bank will also meet on Thursday, we expect the updated rate path to signal the first rate hike already in September 2021. Finally, we do not expect major changes from Bank of Japan s monetary policy review on Friday.
1/7/2021 6:33:57 AM GMT
Market movers today
In the
eurozone, the November inflation prints are due for release. Both headline and core inflation (y/y) are expected to remain fairly unchanged at -0.3% and 0.2%, respectively, compared to October. Also due are
retail sales for November, which might print stronger than expected after the strong German numbers earlier this week despite the lockdowns imposed in November.
In the
US, the ISM services index for December is due. It is expected to ease somewhat to 54.5, but there may be downside risks given the flaring up of the coronavirus and restrictions being imposed.
After the Democrats projected win of both seats in the Senate run-off in Georgia on Tuesday, the focus will turn to the prospects of boosting the USD900bn fiscal support package, as several Democrats are flagging the idea of raising the direct payments to Americans to USD2,000.