10 Jun 2013
Flash: Data highlights for the week ahead - TD Securities
FXstreet.com (London) - Research teams at TD Securities explain that with payrolls and Chinese data out of the way, the week ahead is a relatively quiet one as far as data releases are concerned.
The highlights in their opinion are US May retail sales, German activity data for April, and Australia’s May employment report. On the EM front, they said that the central banks in Russia (today) and Indonesia (Thu) meet this week, and Indian industrial production (Wed) is due for release.
No top-tier data today in euroland either, but TD Securities said they will be watching to see if the recent German strength trickles into the French and Italian data, or if they continue to contract. They said, France looks like it has a better chance of posting some recovery into April, and we’re in line with consensus in looking for manufacturing production to post a +0.5% gain. But Italy is likely to remain stuck in negative territory, and we think that IP could decline by another -0.4% in April, a little weaker than consensus expectations for a flat reading.
The highlights in their opinion are US May retail sales, German activity data for April, and Australia’s May employment report. On the EM front, they said that the central banks in Russia (today) and Indonesia (Thu) meet this week, and Indian industrial production (Wed) is due for release.
No top-tier data today in euroland either, but TD Securities said they will be watching to see if the recent German strength trickles into the French and Italian data, or if they continue to contract. They said, France looks like it has a better chance of posting some recovery into April, and we’re in line with consensus in looking for manufacturing production to post a +0.5% gain. But Italy is likely to remain stuck in negative territory, and we think that IP could decline by another -0.4% in April, a little weaker than consensus expectations for a flat reading.