29 Mar 2016
US consumer confidence and CAD industrial prices in focus today - TDS
Research Team at TDS, suggests that in the US S&P Case-Shiller Index will provide an update on the status of the US housing recovery.
Key Quotes
“TD looks for a below-consensus 0.6% m/m increase in the 20-City HPI (mkt: 0.7% m/m). The Conference Board Consumer Confidence Index, the only other release of the day, is projected to improve to 94.0 in March from 92.2, while TD looks for a more restrained rebound to 93.4.
CAD: The data drought ends with industrial and raw material prices for Feb. Industrial prices are projected by the market to decline 0.2% m/m following a 0.5% gain in January (the first since July). Raw material prices are expected to fall by 0.9% m/m which would represent a 13.6% decline on a year-ago basis.”
Key Quotes
“TD looks for a below-consensus 0.6% m/m increase in the 20-City HPI (mkt: 0.7% m/m). The Conference Board Consumer Confidence Index, the only other release of the day, is projected to improve to 94.0 in March from 92.2, while TD looks for a more restrained rebound to 93.4.
CAD: The data drought ends with industrial and raw material prices for Feb. Industrial prices are projected by the market to decline 0.2% m/m following a 0.5% gain in January (the first since July). Raw material prices are expected to fall by 0.9% m/m which would represent a 13.6% decline on a year-ago basis.”