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30 Jun 2015
Key events for day ahead - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation noted the day ahead and key events.
Key Quotes:
"Australia May private sector credit will be released at 11:30am Syd/9:30am Sing/HK. In Apr, credit expanded by only 0.3%, the smallest gain since Oct 2013 as business credit stalled. New lending data suggests business credit may perform better than the flat Apr outcome. Westpac is forecasting 0.4% for May while the market median is 0.5%."
"RBA governor Stevens will be speaking in London on “The Changing Landscape of Central Banking”. With the July Board meeting only a week away, he might avoid comment on the near term monetary policy question."
"The Asia data calendar is quiet, limited to Thailand May trade, which is unlikely to provide much distraction from the China stock market."
"Eurozone advance Jun CPI is expected to tick lower with headline at 0.2%y/y from 0.3% and core at 0.8% from 0.9% in May. US Jun consumer confidence is seen to rise to 97.4 from 95.4. Employment data has been supportive with payrolls firm and wages also showing signs of picking up.Chicago PMI printed at 46.2 last month and the consensus is for a bounce back to 50.0 in Jun. We will also see the Apr S&P/Case Shiller 20 city house prices data which is expected to show headwinds receding. St Louis Fed president Bullard will speak on the economy after the US close."
Key Quotes:
"Australia May private sector credit will be released at 11:30am Syd/9:30am Sing/HK. In Apr, credit expanded by only 0.3%, the smallest gain since Oct 2013 as business credit stalled. New lending data suggests business credit may perform better than the flat Apr outcome. Westpac is forecasting 0.4% for May while the market median is 0.5%."
"RBA governor Stevens will be speaking in London on “The Changing Landscape of Central Banking”. With the July Board meeting only a week away, he might avoid comment on the near term monetary policy question."
"The Asia data calendar is quiet, limited to Thailand May trade, which is unlikely to provide much distraction from the China stock market."
"Eurozone advance Jun CPI is expected to tick lower with headline at 0.2%y/y from 0.3% and core at 0.8% from 0.9% in May. US Jun consumer confidence is seen to rise to 97.4 from 95.4. Employment data has been supportive with payrolls firm and wages also showing signs of picking up.Chicago PMI printed at 46.2 last month and the consensus is for a bounce back to 50.0 in Jun. We will also see the Apr S&P/Case Shiller 20 city house prices data which is expected to show headwinds receding. St Louis Fed president Bullard will speak on the economy after the US close."