8 Dec 2014
Key events ahead – Nomura
FXStreet (Barcelona) - The Research Team at Nomura highlight the key central bank meetings and data to be released this week.
Key Quotes
“We have three central bank meetings next week. RBNZ meets on Wednesday; we expect no change in policy. SNB meets on Thursday. We expect the Bank to continue its firm commitment to the exchange rate floor, as widely expected.”
“Norges Bank meets on Thursday too; given the recent NOK weakness, the Bank‟s response to lower oil prices is the focus; we expect the Bank to leave policy unchanged.”
“On the data front, In the US, we receive retail sales for November on Thursday. We expect headline retail sales to increase by 0.4% driven by strong vehicle sales. We receive the University of Michigan consumer sentiment index on Friday. The index has been increasing for the past four months and reached a 7-year high in November.”
“In the Eurozone, German industrial production will be released on Monday; we expect an increase of 0.5% m-o-m in October after strong growth of 1.4% in September. Eurozone industrial production will be released on Friday; we expect an increase of 0.2% in October after 0.6% in September.”
Key Quotes
“We have three central bank meetings next week. RBNZ meets on Wednesday; we expect no change in policy. SNB meets on Thursday. We expect the Bank to continue its firm commitment to the exchange rate floor, as widely expected.”
“Norges Bank meets on Thursday too; given the recent NOK weakness, the Bank‟s response to lower oil prices is the focus; we expect the Bank to leave policy unchanged.”
“On the data front, In the US, we receive retail sales for November on Thursday. We expect headline retail sales to increase by 0.4% driven by strong vehicle sales. We receive the University of Michigan consumer sentiment index on Friday. The index has been increasing for the past four months and reached a 7-year high in November.”
“In the Eurozone, German industrial production will be released on Monday; we expect an increase of 0.5% m-o-m in October after strong growth of 1.4% in September. Eurozone industrial production will be released on Friday; we expect an increase of 0.2% in October after 0.6% in September.”