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Weekly Outlook: May 13 – May 17: Swedish and Canadian CPIs, Australia Employment Report

JFD

With no central bank meetings on the agenda, this week appears to be lighter, at least as far as scheduled releases are concerned. With the Riksbank pushing back its hike timing at its latest policy gathering, SEK traders are likely to lock their gaze on Sweden’s inflation data. We get inflation numbers from Canada as well, and expectations are for both the headline and core rates to have increased somewhat. In Australia, the highlight is likely to be the employment report, as investors try to figure out whether, or not, the RBA will cut rates at its upcoming gathering.

Monday appears to be a light day in terms of economic data. The only noteworthy release on the agenda is Norway’s GDP for Q1 and it is already out. The headline qoq rate slid to -0.1% from an upwardly revised +0.6%, while the mainland rate declined to +0.3% qoq from +1.1%.

On Tuesday, during the Asian morning, we get...

Read the full financial markets weekly outlook on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/swedish-and-canadian-cpis-australia-employment-report-20190513
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