What are the key event risks coming up? - Westpac
|Analysts at Westpac offered the key event risks coming up.
Key Quotes:
"NZ: PPI in Q1 is likely to rise from a 1.5% annual pace, unsurprising given we already have the Q1 CPI data.
Australia: May Westpac-MI Consumer Sentiment will give the first post-budget read on consumer’s thinking. The index was last at 99.0 in Apr, a surprisingly resilient result given intense media attention on housing concerns and disappointing updates on the labour market. The Q1 wage price index is expected by Westpac to grow 0.5%. This holds annual wage growth at a record low 1.9%yr, with little to suggest subdued growth will change anytime soon. Wage pressures have been particularly soft in the mining sector but are low across all industries.
Euro Area: Apr CPI final should confirm the preliminary read of headline inflation at 1.9%yr, and core inflation 1.2%yr, with the stronger result due to the Easter holidays.
US: The NY Fed’s Q1 Household Debt and Credit Report will provide insight on borrowings, defaults and credit quality across the country. Former Fed Chair Bernanke speaks at an investing conference."
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