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31 May 2018
Key data coming up for Europe and the US - Westpac
Analysts at Westpac offered their outlook for European and US markets.
Key Quotes:
"Aside from watching headlines from Italy, in the London morning markets will note Eurozone May CPI. After April’s very low 1.2%yr (total) and 0.7%yr (core) inflation, consensus is for a less worrying 1.6%yr total and 1.0%yr core.
The US data highlight is the personal income and spending report for April, especially the Fed’s preferred inflation measure. This is expected to hold at 2.0%yr, with the rise in oil prices a factor in reaching the Fed’s inflation target. The core measure is see up 0.1%mth, 1.8%yr. Other data releases should have no real impact, including the May Chicago purchasing managers survey.
Canada Mar and Q1 GDP is due, expected up 0.3%mth, 2.9%yr."