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21 Feb 2014
Flash: Market moving data for later - Rabobank
FXStreet (Guatemala) - Data is light in Asia but we look ahead for key releases in Europe and overnight in the US. Rabobank analysts break them down here.
Key Quotes:
“Today we see UK retail sales for January. The December report was quite astronomic at 2.8% MoM and the consensus is understandably for a weaker reading this time round (-1.2% MoM is the expectation). We also get public sector finances for the UK, which are seen at -9.1bn in terms of net borrowing, a larger surplus than seen last year”.
“In the US we have existing home sales for January. Again cold weather is expected to ‘snow on the parade’ with sales seen down 4.1% MoM. An even worse figure would not be a surprise, however (who wants to house hunt in a snow-storm?)”.
“We also get two Fed speakers, Bullard and Fisher, both speaking on the economy. However, they will probably have to admit that the extreme US temperatures at the moment are making it much harder to take the US economy’s temperature”.
Key Quotes:
“Today we see UK retail sales for January. The December report was quite astronomic at 2.8% MoM and the consensus is understandably for a weaker reading this time round (-1.2% MoM is the expectation). We also get public sector finances for the UK, which are seen at -9.1bn in terms of net borrowing, a larger surplus than seen last year”.
“In the US we have existing home sales for January. Again cold weather is expected to ‘snow on the parade’ with sales seen down 4.1% MoM. An even worse figure would not be a surprise, however (who wants to house hunt in a snow-storm?)”.
“We also get two Fed speakers, Bullard and Fisher, both speaking on the economy. However, they will probably have to admit that the extreme US temperatures at the moment are making it much harder to take the US economy’s temperature”.