BoC and US Retail Sales Amongst Market Movers for Today – Danske Bank
BoC and US Retail Sales Amongst Market Movers for Today – Danske Bank
Research Team at Danske Bank, suggests that in the US we get data on
retail sales in March, which we expect to show control group sales
increased by 0.3% m/m.
Key Quotes
“In
line with other data, retail sales have been weak in recent months but
we expect a rebound as consumers are still optimistic and employment
continues to rise. Our base case is that private consumption growth will
accelerate in Q2 and Q3 after the slowdown in Q1. We also see the
release of the Beige Book in the US.
Bank of Canada is widely expected to keep the policy rate unchanged at 0.50%.
Euro
area industrial production for February is due for release today. We
expect industrial production to fall in line with the monthly decline of
0.5% for the German figure, which was released last week. The decline
in February is likely to be accompanied by a downward revision to the
strong print in January as also seen in Germany. In Sweden we have
Prospera's inflation survey and the government's spring budget.”
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