Key Events for the Day – Rabobank
Michael Every, Head of Financial Markets Research at Rabobank, lists down the key events for the day ahead.
“Today will be supplying us with a few numbers to satiate our demand. We have the RBA’s May minutes, then UK CPI ahead of Canadian manufacturing sales. Next in the US we see housing starts, building permits, and CPI and then industrial production. Arguably the key issue will be the extent to which US core CPI changes from the 2.2% y-o-y reading seen in March. It is expected to edge down to 2.1% but any upside surprise might see further USD strength and thoughts of a June Fed hike; that’s an outcome that is likely to dampen demand for many financial assets currently seeing lots of supply.”