Key events ahead - Westpac

Analysts at Westpac explained the key events ahead.

Key Quotes:

"Eurozone May headline CPI is expected at -0.1%y/y and core rising slightly to 0.8%y/y.

The median forecast for US Apr core PCE deflator (the Fed’s preferred measure of inflation) is 0.2%m/m and 1.6%y/y. Consumer confidence has been ranging around highs since 2007 and should remain fairly steady at 96.3. 

We also see the Mar S&P/Case-Shiller house price index and Dallas Fed manufacturing index. Another -0.1%m/m print is expected for Canada’s Mar GDP and while Q1 is seen to jump to 2.8%q/q annualised. This however will carry less weight than usual with interest shifting to a possible negative Q2 print as a result of the wildfires."