Market insights

Massive Data Day Today - MI150524

After a quiet start to the week things are going to change in the next 24 hours.

The Eurozone is expected to show it has exited technical recession with their preliminary GDP numbers out this morning.

The expectation is for quarterly growth of 0.4%.

Not long after it's the big one. US inflation numbers.

The prediction is for annualised growth of 3.4% which will be 10 basis points lower than last months if it comes to pass.

This is a hot topic and could indicate whether a Summer rate cut is on the cards.

There's also the US retail sales report out at the same time, so the Dollar could be bumpy today.

In the early hours of tomorrow eyes will turn to the Southern hemisphere with Japanese GDP numbers out first (expect quarterly contraction of -0.4%) before Australian unemployment numbers.

Business news focuses on the UK property rental market again as listing times are slashed over the last 12 months indicating the super hot market is still in full swing.

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Economic calendar

EUR: 10:00 Preliminary GDP Numbers

US: 13:30 Inflation Report

US: 13:30 Retail Sales

JPN: Thursday 00:50 Preliminary GDP Numbers

AUS: Thursday 02:30 Unemployment Rate

As ever we look forward to keeping you in the loop and look out for our next update.

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