Flash PMIs continued to show strength in services versus weakness in manufacturing. UK CPI failed to show much progress in March, with overall monthly run-rates and many of the most important subcomponents remaining firm. We mark up our BoE probabilities, anticipating a more protracted hiking cycle.
The week ahead has several tier-one data releases, including PCE inflation, GDP releases from the US, Eurozone and Sweden, and the Employment Cost Index. There are no Fed speakers next week (blackout) and ECB speakers are unlikely to deliver major new comments. Broadbent’s outing on Tuesday bears watching given his influence on the MPC. Both the BoJ and Riksbank meet next week.
Roadshow: 24th - 28th April
Our Q2 roadshow will run during this week, and we’re offering clients and prospects:
- 30 minute outlook presentations with Q&A for institutions.
- A webinar consisting of a 30 minute presentation, with an additional 15 mins for Q&A, on Thursday 27th at 3pm London time / 4pm CEST / 10am New York.
To register your interest please reach out on here or to mailto:robert.brown@ashridgemacro.com?subject=Roadshow, specifying whether you’re interested in joining the webinar or receiving an institutional presentation.
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