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Abstract:According to the US Census Bureau, retail sales in the US rose by 0.6% on monthly basis in February. This reading followed a 1.1% decline registered in the initial month of the year, amounting to $696.7 billion, and fell below the anticipated 0.8% increase. In January, the unemployment rate unexpectedly rose to 3.9% from December's 3.8%, while wage growth slowed in the UK labor market, signaling weaknesses consistent with a broader economic slowdown. In Feb, Canada experienced an unexpected
Title:
The Week Ahead: Week of 15thApril(GMT+2)
Inflation Takes the Wheel: Brace for Impact!
Monday, 15thApril2024, 14:30
US Retail Sales (MoM) (Mar)
According to the US Census Bureau, retail sales in the US rose by 0.6% on monthly basis in February.This reading followed a 1.1% decline registered in the initial month of the year, amounting to $696.7 billion, and fell below the anticipated 0.8% increase. The slight uptick in February suggests a slowdown in consumer spending growth at the start of 2024. Despite higher inflation, the market anticipates that the economy will remain robust but may gradually cool down, with consumer spending staying resilient.
Tuesday, 16thApril2024, 08:00
UK Unemployment Rate (Feb)
In January, the unemployment rate unexpectedly rose to 3.9% from December's 3.8%, while wage growth slowed in the UK labor market, signaling weaknesses consistent with a broader economic slowdown. Employers scaled back hiring efforts, resulting in a quarter-on-quarter decrease of 43,000 advertised vacancies to 908,000. This suggests that the recession's impact in the latter half of 2023 was slightly more pronounced in the labor market than initially thought. Nevertheless, recent surveys show UK businesses gaining confidence in the economic outlook and preparing to raise prices. Consequently, there's an expectation for the economy and labor market to gradually recover or at least stabilize, without further deterioration.
Tuesday, 16thApril2024, 14:30
Canada CPI (YoY) (Mar)
In Feb, Canada experienced an unexpected slowdown in its annual inflation rate, dropping to 2.8% in February, below the anticipated 3.1%. Statistics Canada reported on Tuesday that factors contributing to this deceleration included reduced prices for groceries, as well as decreased costs for cellular and internet services. While the economic slowdown is projected to persist, market analysts anticipate that forthcoming data will reflect the ongoing economic deceleration.
Wednesday,17thApril2024, 08:00
UK CPI (YoY) (Mar)
In February, the Consumer Price Index (CPI) in the United Kingdom (UK) rose by 3.4% compared to the previous year, marking a slowdown from the 4.0% increase recorded in January.The largest downward contributions to the annual Consumer Price Index (CPI) were observed in the categories of food, as well as restaurants and cafes. As the UK economy cools, investors are
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
In May, the Reserve Bank of New Zealand (RBNZ) decided to maintain the Official Cash Rate (OCR) at 5.50%. This decision reflects a commitment to keeping monetary policy restrictive to manage inflationary pressures and ensure that inflation returns to the target range of 1-3% by the end of 2024. The latest UK GDP data (MoM) for April 2024 showed that the economy remained flat at 0.0%, following a 0.4% increase in March 2024. This stagnation is attributed to declines in industrial output and...
According to survey data, this year, many American travelers are opting for air travel over traditional road trips during the Memorial Day long weekend, marking an upward trend! On the other hand, bullish sentiment on the US dollar is beginning to retreat, turning net short for the first time in six weeks!
The Producer Price Index, which is an important gauge of wholesale-level inflation, increased by 2.1% over the 12 months leading up to March. This marks a rise from the 1.6% gain observed in February, representing its most substantial increase since April 2023. In March, consumer prices in the U.S. rose beyond expectations as consumer price index increases 0.4% in March, driven by higher costs for gasoline and rental housing. In March, U.S. retail sales surpassed expectations, with Core Retail..
The article suggests positive prospects for Malaysia's Ringgit (MYR) based on projections by BMI, indicating potential strengthening trends in the latter half of 2024 and early 2025. Factors such as anticipated policy relaxation, stability in yield differentials, and favourable external conditions contribute to this outlook. However, whether this constitutes "good news" for the MYR ultimately depends on various factors, including economic performance, policy decisions, and external developments, which may impact currency movements.