Citibank 1/5: Week Ahead – key data/ events:
#USD: Retail Sales – Citi: 6.3%, median: 5.4%, prior: -3.0%; Retail Sales ex Auto – Citi: 4.9%, median: 4.8%, prior: -2.7%; Retail Sales ex Auto, Gas – Citi: 4.9%, median: 6.3%, prior: -3.3%; Retail Sales Control Group – Citi: 4.7%
#USD: Retail Sales – Citi: 6.3%, median: 5.4%, prior: -3.0%; Retail Sales ex Auto – Citi: 4.9%, median: 4.8%, prior: -2.7%; Retail Sales ex Auto, Gas – Citi: 4.9%, median: 6.3%, prior: -3.3%; Retail Sales Control Group – Citi: 4.7%
Citibank 2/5: median: 6.9%, prior: -3.5% - Citi analysts expect a strong rebound in retails in March with upside risks seen for many components in the retail control group. This could also help keep prices for various goods elevated after increases over the last year.
Citibank 3/5: #NZD: RBNZ meeting: Citi cash rate forecast; +25bp, Previous; +25bp – the MPC will likely continue to convey a dovish message given the unexpected negative Q4 2020 GDP result of -1.0% is a reminder that the path to complete recovery is not linear.
Citibank 4/5: #AUD: Australian March Labor Force: Citi 35k, Previous; +88.7k, Citi unemployment rate forecast; 5.6%, Previous; 5.8% - improvements in Feb/ March suggest another positive month for jobs. April and May data however could exhibit volatility from the end to JobKeeper.
Citi 5/5: #CNH: #China GDP (%YoY) 1Q: Citi 16.0, Cons 18.9, Prev 6.5 – Citi maintains its growth forecast at 16%YoY for 21Q1 with risks tilted to the upside. Manufact & services PMIs both accelerated more than expected in March, pointing to a strengthening in growth momentum.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
