Global data lagging forecasts a bit
Global activity has been tracking on the soft side of forecasts for the last month. Econoday’s Relative Performance Index (RPI) ended the week at minus 9 to indicate that global data, on net, are coming [...]
June 2024
Global data lagging forecasts a bit
Global economic data are coming in just below Econoday’s consensus medians, at minus 12 for the overall Relative Performance Index (RPI) and at minus 11 less prices (RPI-P). These readings have been little changed for [...]
High points for US economic data scheduled for June 17 week
The week contains the federal holiday of Juneteenth on Wednesday. While federal offices will be closed, private offices could be open in order to give their employees a four-day weekend around the Independence Day observance [...]
June SNB MPA preview: Another close call
The SNB surprised financial markets with a 25 basis point cut in its policy rate to 1.50 percent in March so investors are all the more cautious going into this quarter’s Monetary Policy Assessment (MPA). [...]
June BoE MPC Preview: Inflation still the stumbling block to rate cuts
The BoE’s May MPC meeting saw Deputy Governor Dave Ramsden join long-term dove Swati Dhingra in calling for an immediate 25 basis point cut in interest rates. The other seven members all again opted for [...]
High points for US economic data scheduled for June 10 week
The FOMC meets on Tuesday and Wednesday of the June 10 week. The FOMC statement released at 14:00 ET on Wednesday will get a close read for any guidance in regard to the interest rate [...]
Global economic activity still lagging forecasts
In the main, economic activity continues to fall slightly short of market expectations and was reflected last week in interest rate cuts from both the Bank of Canada and the European Central Bank. The global [...]
June ECB meeting preview: The long-awaited cut
Investors and financial markets will be very surprised - and not at all happy - should Thursday’s ECB announcement not include the first cut in key interest rates since September 2019. With even the more [...]
May 2024
High points for US economic data scheduled for June 3 week
The June 3 week focus will be firmly on labor market conditions and how these might affect the upcoming FOMC meeting on June 11-12.The monthly employment report for May is set for release at 8:30 [...]
Global data missing forecasts; US and China lagging
The global Relative Performance Index (RPI) stands at minus 12 and at minus 21 less prices (RPI-P), the latter indicating that firmer-than-expected inflation reports are lifting the overall score.The US score, sagging since April’s lower-than-expected [...]