Monday, May 15, 2017

· US inflation rebounded and retail sales up in April


Good Afternoon,

Highlights of the week:-

·         US inflation rebounded and retail sales up in April
·         Oil price rebounded on rising expectations of extension of OPEC/non-OPEC agreement
·         Euro’s underlying inflation remains subdued according to ECB’s Draghi; BoE kept interest rates steady and revised 2017 growth projection downwards
·         BOJ may consider exiting its stimulus programme
·         Moon Jae-In wins Korean presidential election while China’s inflation rose to its fastest since January 2017
·         Bank Negara left OPR at 3.00% while MGS yields fell for another week

No comments:

Post a Comment

Related Posts with Thumbnails