24 Jun 2015
Key events ahead - Westpac
FXStreet (Guatemala) - Sean Callow of Westpac banking Corporation noted the key events taking place today.
Key Quotes:
"The China Jun Westpac MNI consumer sentiment will be released at 11:45am Syd/9:45am local. The headline index in May was 111.1, 8.7% below the long run average. House prices are recovering and equities booming, but otherwise official data is mixed."
"In Germany we see Jun IFO business climate. Greece uncertainty is likely to be a major factor weighing on the index, which is forecast to slip to 108.1."
"Greece should continue to dominate headlines as EC president Juncker, ECB president Draghi and IMF MD Lagarde meet. Newswires report that Juncker is expected to invite Greek PM Tsipras to speak with the heads of the institutions ahead of the Eurogroup meeting."
"The Eurogroup finance ministers meet at 7pm Brussels with the aim of finalising the details of the Greek reform plan."
"Consensus for US final Q1 GDP is a revision to a smaller negative of -0.2%q/q annualised from -0.7%. The Fed has already written off Q1 as being affected by transitory headwinds."
Key Quotes:
"The China Jun Westpac MNI consumer sentiment will be released at 11:45am Syd/9:45am local. The headline index in May was 111.1, 8.7% below the long run average. House prices are recovering and equities booming, but otherwise official data is mixed."
"In Germany we see Jun IFO business climate. Greece uncertainty is likely to be a major factor weighing on the index, which is forecast to slip to 108.1."
"Greece should continue to dominate headlines as EC president Juncker, ECB president Draghi and IMF MD Lagarde meet. Newswires report that Juncker is expected to invite Greek PM Tsipras to speak with the heads of the institutions ahead of the Eurogroup meeting."
"The Eurogroup finance ministers meet at 7pm Brussels with the aim of finalising the details of the Greek reform plan."
"Consensus for US final Q1 GDP is a revision to a smaller negative of -0.2%q/q annualised from -0.7%. The Fed has already written off Q1 as being affected by transitory headwinds."