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Week Ahead: Key events to watch out – Rabobank

Analysts at Rabobank offer a brief preview of the key economic events due on the cards in the week ahead.

Key Quotes:

“This week we have Chinese money supply and aggregate financing data from today, and for sure we have UK trade data; tomorrow it is UK jobs numbers and the German ZEW survey vs. the US NFIB small business reading, then US PPI; Wednesday is US CPI; Thursday has the ECB; and Friday as Japan’s Tankan, a slew of key Chinese data, global PMIs, and US retail sales.

 The UK is stumbling towards tomorrow’s parliamentary vote on the EU Withdrawal Agreement (WA). The outlook for that key vote, and for PM May herself, is so promising that rumors abound it could be postponed for more lobbying, both within parliament and between PM May and the EU, as if the latter might agree to throw her some more crumbs at this late stage. Too little too late?

Europe will be watching, of course, and despite relief at the fact that Paris did not burn on Saturday, the EU will be none too pleased at the groundswell of opinion. The ‘yellow vests’, who still retain 66% French public support vs. 23% for President Macron, have released a list of policy demands, which include leaving the EU and NATO, tax cuts, public spending increases, and controls on immigration.”

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