26 Jun 2015
Key events; Eurogroup meetings - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation explained the key events to end the week and ongoing Eurogroup/Greek negotiations over the weekend.
Key Quotes:
"Japan May national CPI ex fresh food is expected to come in at 0.0%y/y. This is the BoJ’s preferred measure of inflation and includes fuel prices. Apr CPI was at 0.3% as the effect from the tax hike rolled out, and markets will be watching for signs that prices will fall into negative territory. Consensus for Singapore May industrial production is a smaller negative print of -2.6%y/y versus -8.7% in Apr as external demand has remained subdued. We will also see Thailand May trade data.
In the US, the final Jun University of Michigan consumer sentiment is expected to remain at 94.6. Negotiations over Greece are set to continue with the Eurogroup meeting on Saturday and lower level discussions today."
Key Quotes:
"Japan May national CPI ex fresh food is expected to come in at 0.0%y/y. This is the BoJ’s preferred measure of inflation and includes fuel prices. Apr CPI was at 0.3% as the effect from the tax hike rolled out, and markets will be watching for signs that prices will fall into negative territory. Consensus for Singapore May industrial production is a smaller negative print of -2.6%y/y versus -8.7% in Apr as external demand has remained subdued. We will also see Thailand May trade data.
In the US, the final Jun University of Michigan consumer sentiment is expected to remain at 94.6. Negotiations over Greece are set to continue with the Eurogroup meeting on Saturday and lower level discussions today."