26 Feb 2016
Key events coming up: WATCH US GDP - Westpac:
Analysts at Westpac noted the key events taking place for the day ahead and close of the week's sessions.
Key Quotes:
"Japan Jan CPI will be released at 10:30am Syd/8:30am Tokyo. Headline and CPI ex fresh food are both expected to fall to flat y/y from 0.2% and 0.1% respectively. Singapore and Taiwan Jan industrial production numbers are also due. USD/CNY should be fixed in the low 6.53s. Surely this is not the day for it to surprise to the strong (USD) side!
We have France, Spain and Germany preliminary Jan CPI today ahead of the Eurozone aggregate on Monday. EU harmonised inflation in Germany is expected to fall to flat y/y.
In the US, there is the second estimate of Q4 GDP. A downward revision is expected, from 0.7% q/q annualised to 0.4%. Core PCE, the Fed’s preferred measure of inflation, is expected to rise to 1.5% y/y. Several Fed speakers are listed to appear at a monetary policy forum in NY. Governor Brainard and ECB’s Praet will be discussing international monetary policy synchronisation."
In respect of US GDP tomorrow, here is our US GDP live coverage's page for registration purposes to follow the event.
Key Quotes:
"Japan Jan CPI will be released at 10:30am Syd/8:30am Tokyo. Headline and CPI ex fresh food are both expected to fall to flat y/y from 0.2% and 0.1% respectively. Singapore and Taiwan Jan industrial production numbers are also due. USD/CNY should be fixed in the low 6.53s. Surely this is not the day for it to surprise to the strong (USD) side!
We have France, Spain and Germany preliminary Jan CPI today ahead of the Eurozone aggregate on Monday. EU harmonised inflation in Germany is expected to fall to flat y/y.
In the US, there is the second estimate of Q4 GDP. A downward revision is expected, from 0.7% q/q annualised to 0.4%. Core PCE, the Fed’s preferred measure of inflation, is expected to rise to 1.5% y/y. Several Fed speakers are listed to appear at a monetary policy forum in NY. Governor Brainard and ECB’s Praet will be discussing international monetary policy synchronisation."
In respect of US GDP tomorrow, here is our US GDP live coverage's page for registration purposes to follow the event.