by 063 – Poor retail gross sales and industrial manufacturing however Fed pushes again
Last week:
-Poor retail knowledge and industrial manufacturing (PPI)
-Fed audio system: Brainard, Harker, Waller: fee hikes however Harker, Waller (amongst others) for 25 bps going ahead. Blackout interval for the Fed.
-BoJ: Surprise to markets however to not economists. Kept 50bps defence stage on JGBs. Door for normalisation is open. Upgraded CPI forecast for the yr.
This week:
-Chinese markets are closed for the Lunar New Year celebration.
-Oil transferring on the again of China optimism.
-Hawkish commentary by the ECB.
-BoC to hike by 25bps?
-US: PCE on Friday, This fall GDP on Thurs.
-Inflation for AU, NZ – each on Wed.
-Earnings: MSFT, TSLA.
-NFLX got here in final week: beat subscriber forecast by 66%.
