23 Mar 2015
Key events ahead: Eurozone consumer confidence to show a rise – Danske
FXStreet (Barcelona) - Allan von Mehren, Chief Analyst at Danske Bank, previews the key events of the day in Eurozone and US, expecting eurozone consumer confidence to show an increase and US existing home sales to stage a rebound of around 2% mom in February.
Key Quotes
“Fed members Stanley Fischer (voter, neutral) and John Williams (voter, dove) are due to speak this afternoon. They are likely to reiterate the message that due to higher uncertainty it is better to risk raising rates too late than too early. Member of the Fed Loretta Mester (non-voter, hawk) is also due to speak.”
“US existing home sales are expected to show a rebound of around 2% m/m in February after a sharp drop in January of 4.9% m/m. The drop in sales was a bit at odds with pending home sales that have been broadly flat. There is more uncertainty than usual about housing numbers in these months due to the harsh winter weather.”
“In the euro zone consumer confidence (preliminary) is expected to have risen a bit on the back of the low gasoline prices and stronger recovery.”
“The main releases this week will be US inflation data (Tuesday), Chinese and Euro Flash PMI (Tuesday), German Ifo (Wednesday), US durable goods orders (Wednesday) and Euro M3 and credit data (Thursday).”
Key Quotes
“Fed members Stanley Fischer (voter, neutral) and John Williams (voter, dove) are due to speak this afternoon. They are likely to reiterate the message that due to higher uncertainty it is better to risk raising rates too late than too early. Member of the Fed Loretta Mester (non-voter, hawk) is also due to speak.”
“US existing home sales are expected to show a rebound of around 2% m/m in February after a sharp drop in January of 4.9% m/m. The drop in sales was a bit at odds with pending home sales that have been broadly flat. There is more uncertainty than usual about housing numbers in these months due to the harsh winter weather.”
“In the euro zone consumer confidence (preliminary) is expected to have risen a bit on the back of the low gasoline prices and stronger recovery.”
“The main releases this week will be US inflation data (Tuesday), Chinese and Euro Flash PMI (Tuesday), German Ifo (Wednesday), US durable goods orders (Wednesday) and Euro M3 and credit data (Thursday).”